Nigerian Man, Chigozie Eze Squanders His Company’s N20 Million On Online Betting

March 17, 2021
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The Economic and Financial Crimes Commission (EFCC) has arrested a 35-year-old man, Emmanuel Chigozie Eze, who is the Head of Sales for Procter and Gamble company, for allegedly stealing over N20 million from his employers.

Nigerian Man, Chigozie Eze Squanders His Company's N20 Million On Online Betting 1

Eze, who was arrested along ‘K-Line area’ of Ewet Housing Estate in Uyo, Akwa Ibom State, claimed to have spent the money on online sports betting.

The salesman was arrested following a petition that alleged that he used his position as Head of Sales for Procter and Gamble, to supply goods worth over N20m to customers and converted the same for personal use.

According to the complainant, the suspect between March 2020 and January 2021, sold goods worth the said amount and fraudulently collected monies from various customers using his personal account rather than the company’s account.

EFCC investigations revealed that the suspect has a severe gambling problem as he spent over N4m placing bets on a daily basis with almost nothing to show for it.

It was also discovered that between July and December 2020, the suspect received over N18m from one of the company’s major customers (name withheld) for goods, which were not fully delivered.

The customer said she’s still expecting the balance of goods worth over N8m.

Wilson Uwujaren the EFCC Spokesperson, said the suspect will be charged to court as soon as investigations are concluded.

Meanwhile, EFCC Boss, Abdulrasheed Bawa, has ordered all bankers across the country to start declaring their assets from June 1, 2021.

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