Police Investigate Company Directors Over $2m Withdrawal

Tension has gripped directors of a Nigerian company as police officers launch investigation into a $2 million withdrawal.
According to a Punch Metro report, The police are investigating the directors of a company, Helping Hands Concepts Ltd. over the alleged withdrawal of two million dollars from the firm’s bank account.
It was learnt that detectives attached to the Police Special Investigative Panel  are looking for Mr. Obioma Ngoka and Mrs. Luzviminda Mbike over their involvement in the withdrawal of the money.
Ngoka was said to have withdrawn the money from the e-wallet of Helping Hands Concept Ltd., and shared it to subscribers of the business scheme without the consent of other directors.
The case which is being investigated by the SIP headed by Assistant Inspector-General of Police, Ali Amodu (retd.), followed complaints from the other directors of the firm, Dr. Ejiro Odeghe, Mr. Friday Chukwu and Mr. Lucky Okpara.
A preliminary report of the investigation indicated that detectives have traced Ngoka and Mbike to India and were in the process of enlisting the assistance of Interpol.
It was gathered on Monday that Helping Hands Concept Ltd., was set up by five directors to carry out business networking on commission basis to the benefit of its subscribers.
It was learnt that at the inception of the business, monies were paid into individual accounts based on trust, but the scheme ran into crisis in June, 2016 following a decision to reorganise the administrative process and put in place a management staff at a meeting held in Obudu, Cross-River.
A source said, “In implementing the resolutions reached at the meeting, Ngoka objected to the idea of central corporate account, but the other three directors went ahead to open the account.
 
“When asked to deposit the money with him into the corporate account, Ngoka declined and based on this, a petition was written to the Inspector-General of Police who referred it to the IGP Monitoring Unit for investigation.”
It was gathered that the parties were advised to settle their differences and it was agreed that the complainants should give the password of the company sever to Ngoka while he was directed to remit the money with him to the firm’s bank account.
Another source said, “But the e-wallet inner vault which housed the company’s money was entered into by Ngoka from where he transferred the sum of $2mn which he reportedly shared to some subscribers without the consent of other directors.
 
“In a bid to have a full grip of the company, Ngoka removed Odeghe, Okpala and Chukwu as directors and brought in Ifeoma Ngoka, Angela Dominic and Abiola Balogun, but his action was challenged in a suit at the Federal High Court, Abuja.”
He was also said to have shut down the company’s Maxtra Technology server based in India.

Source: Tori


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