EFCC arrests real estate MD over alleged N128m land scam

The Economic and Financial Crimes Commission, EFCC, has arrested Basil Iwoba Ochili, Managing Director of Debasilio Construction and Estate Development Limited, implicit an alleged N128 cardinal onshore scam successful Anambra State.

The EFCC Enugu Zonal Directorate said Ochili was arrested pursuing a petition accusing him of falsely claiming ownership of 5 plots of onshore beside Stamford Hotel, adjacent the Anambra State Secretariat astatine Aroma Junction, Awka.

According to the commission, the petitioner paid N128 cardinal into Ochili’s institution relationship aft relying connected his assertion but was incapable to instrumentality possession of the land.

The EFCC said preliminary investigations showed that Ochili allegedly knew the spot was portion of the Anambra State Government Secretariat’s onshore but inactive offered it for sale.

“Instead of refunding the petitioner’s money, the fishy offered him 2 dud cheques,” the committee stated.

The bureau further alleged that Ochili utilized portion of the wealth to settee debts, portion his institution had ne'er been tax-compliant.

The fishy volition beryllium charged to tribunal aft investigations are concluded, the EFCC said.

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