The Chief Executive Officer, of Emy Cargo and Shipping Services Limited, Emeka Okonkwo, aka E-Money is under investigation at the Force Criminal Investigation Department Annex, Alagbon.
He is being investigated over an alleged N1, 209,200,000 dispute with a vehicle dealing company, Autocorp Limited, in Lagos State.
A police source who is privy to the case but pleaded anonymity said that Okonkwo and the aggrieved party had been invited for questioning, adding that another meeting had been scheduled for the case.
In a bid to ascertain the facts behind the over N1.2bn that reportedly caused the dispute between both parties, our correspondent, during a conversation with the sales manager for the vehicle dealing company, Patricia Iduwre, discovered that the company contracted Okonkwo to clear eight vehicles in 2020/2021.
According to Iduwre, the vehicles comprised six TXL Prado and two Lexus jeeps valued at N1, 209,200,000, adding that despite Okonkwo clearing the vehicles, the company had yet to take delivery of them to date.
She said, “When we gave him the vehicles to clear, they were valued at N1.2bn. All along, we thought the vehicles were at his warehouse but recently, he said he had sold the vehicles. He said he sold the vehicles because we owed him, whereas we did not owe him.
“In this business, it is after an agent supplies that you pay and he has not even supplied any of the vehicles. We involved our lawyer and reported the case to the police and it was during dialogue with him (Okonkwo) that we got to know he had sold the vehicles. When the police intervened, the reason he gave for selling the vehicles was that we owed him.
“He also said our chairman asked him to sell the vehicles but when the police engaged our chairman, he said he never gave him (Okonkwo) such a directive. Our chairman also told the police to tell Okonkwo to provide evidence that he said he should sell it.”
Iduwre, while demanding the vehicles, urged the police to investigate the case.
