The Abuja Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, May 2, 2023 arraigned one Enonche Ugbabe and his company, Lifeline Engineering Nigeria Limited, before Justice Z.B Abubakar of the Federal High Court, Maitama Abuja on a one count charge bordering criminal misappropriation and money laundering. The defendant is alleged to have diverted a N1.2billion credit facility obtained from NEXIM Bank, meant for the establishment of a cluster of factories in the Agricultural sector, for personal use. He absconded after securing the facility and was believed to…
Read MoreEFCC Arraigns Businessman For Diversion Of N1.2bn NEXIM Bank Loan
