The Police Special Fraud Unit (SFU) in Ikoyi, Lagos, said on Friday that it had commenced investigations into a case of alleged fraud involving a former Executive Director of Air Nigeria.
The SFU spokesperson, Mrs. Ngozi Isintumen said that the suspect allegedly used his company, ‘Contra Global Enterprises Ltd.’, located at Shop 27, Oba Adeniji Adele Shopping Complex II, Lagos, to obtain some money under pretence.
“The suspect, using his powers as an Executive Director, introduced and brought Contrac Global Enterprise Ltd., a self- acclaimed Bureau De-Change, to supply the airline’s foreign exchange needs.Sometime on March 12, 2012, the sum of $600,000 was transferred in tranches of $100, 000 and $500, 000 from Air Nigeria’s UBA account to the account of Contrac Global Enterprises Ltd.
“There is an understanding that the whole sum of $600, 000 will be transferred to Air Nigeria’s nominated US domiciliary account.Thereafter, only $500, 000 was credited to the nominated account, with the balance of $100, 000 still outstanding, which was later recovered in the course of investigation.
“The suspect has refused to honour police invitations and was declared wanted by the SFU in connection with the offence. A duly signed warrant of arrest has been obtained against him,’’ the statement said.