Man steals company’s N20m, spends it on sports bet

The 35-year-old who is the Head of Sales for Procter and Gamble company, during interrogation, claimed to have spent the money on online sports betting.

He was arrested along ‘K-Line area’ of Ewet Housing Estate in Uyo, Akwa Ibom state, following a petition.

The petitioner alleged that Eze 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.

According to EFCC investigations, 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.

According to the customer, 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.

  • Related Posts

    EFCC arrests ex-Skye Bank chair Tunde Ayeni over ‘N36bn, $30m fraud’

      The Economic and Financial Crimes Commission (EFCC) has arrested Tunde Ayeni, businessman and former chairman of the defunct Skye Bank Plc, over an alleged multi-billion naira fraud. TheCable can…

    Court orders final forfeiture of N3.4bn, properties linked to ex-NNPCL official

      A federal high court in Abuja has ordered the final forfeiture of N3.4 billion and three properties linked to alleged fraud involving Salihu Nuhu Jamari, a former managing director…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Terrorists kill traditional ruler, his wife and others

    Terrorists kill traditional ruler, his wife and others

    EFCC arrests ex-Skye Bank chair Tunde Ayeni over ‘N36bn, $30m fraud’

    • By admin
    • April 24, 2026
    • 13 views
    EFCC arrests ex-Skye Bank chair Tunde Ayeni over ‘N36bn, $30m fraud’

    Nigerian govt speaks as attacks on migrants in South Africa escalates

    • By admin
    • April 24, 2026
    • 4 views
    Nigerian govt speaks as attacks on migrants in South Africa escalates

    Tinubu approves 30% debt waiver for airlines

    • By admin
    • April 24, 2026
    • 6 views
    Tinubu approves 30% debt waiver for airlines

    Why are we still borrowing after subsidy removal?’ – Sanusi queries FG

    • By admin
    • April 24, 2026
    • 11 views

    CBN increases ATM card issuance fee to N1,500, scraps maintenance charge

    • By admin
    • April 24, 2026
    • 12 views
    CBN increases ATM card issuance fee to N1,500, scraps maintenance charge