The Chief Executive Officer (CEO) of Emy Cargo and Shipping Services Limited, Dr. Emeka Okonkwo, popularly known as E-Money, is currently under investigation at the Force Criminal Investigation Department Annex, Alagbon, Lagos State, over an alleged N1,209,200,000 dispute with a vehicle dealing company, Autocorp Limited.
A source revealed that Okonkwo and the aggrieved party had been invited for questioning, with another meeting scheduled over the case.
Meanwhile, it has been discovered that the company had contracted Okonkwo to clear eight vehicles in 2020/2021.
According to the sales manager for the vehicle dealing company, Patricia Iduwre, the vehicles comprised six TXL Prado and two Lexus jeeps valued at N1,209,200,000, insisting that despite the clearance of the vehicles, the company had yet to take delivery of them till date.
She further charged the police to thoroughly investigate the case.
“When we gave him the vehicles to clear, they were valued at N1.2 billion. 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.
“The police asked if he (Okonkwo) claimed to have sold the vehicles at the instance of the chairman, did he give us the money? He then said he used the money to offset debts. When he was asked which debt, he said my chairman asked him to use the vehicles to borrow money from the bank. But my chairman debunked that claim.
“My chairman said he is eligible to borrow money from the bank himself, so why would he ask Okonkwo to borrow money from the bank? What we want are the vehicles we asked him to clear; we don’t want any money.” She said.
However, E-Money has responded to the allegations, confirming that although the business transaction occurred, the claims are false.
“It is a false allegation; it is not true. There is a resolution and a business transaction between both parties.” He said.
The spokesperson for the FCID Annex, Alagbon, Aminat Mayegun, confirmed that Okonkwo had been under investigation.
“Yes, we are investigating the matter concerning (Okonkwo). The matter is about the conversion and it is being investigated by the Anti-Human Trafficking Unit of the Force. The case is under investigation; we have extended an invitation to him and he has acknowledged the investigation.
“Based on the petition, he was once invited and he came. And now, we have to call both parties involved for another discussion and a date has been scheduled for it.” She said.
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