Man steals N20m and spends it on sports bet

Emmanuel Chigozie Eze was arrested by the Economic and Financial Crimes Commission for allegedly stealing over 20 million naira from his employers.

The 35-year-old Head of Sales for Procter and Gamble company professed to have spent the money on online sports betting during an investigation.

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

The petitioner affirmed that Eze had 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 plaintiff, between March 2020 and January 2021, the suspect had sold goods worth the said amount and fraudulently collected money from various customers using his account rather than the company’s account.

According to EFCC investigations, the suspect has a serious gambling habit as he spent over N4m placing bets daily with nearly 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, the balance of goods worth 8 million naira is still to be expected.

Wilson Uwujaren, the EFCC Spokesperson, said the suspect will be charged to court as soon as investigations are concluded.