Court orders Imo deputy speaker’s arrest for alleged N785m fraud - TrendyNewsReporters Court orders Imo deputy speaker’s arrest for alleged N785m fraud - TrendyNewsReporters
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Court orders Imo deputy speaker’s arrest for alleged N785m fraud

by ebor cletus ralph jr

Amarachi Iwuanyawu, the deputy speaker of the Imo State House of Assembly, was ordered to be arrested on Friday by Justice Inyang Ekwo of the Federal High Court in Abuja due to an alleged N785 million fraud.

The judge also ordered the EFCC to hold the deputy speaker in its facility until February 23, 2023, if he was detained. The judge made the judgement in response to an ex-parte plea submitted by the EFCC.

Iwunayawu was charged by the EFCC with using Ilanrewaju Adeola’s company, Sun Gold Estate Limited, to commit fraud in the application he submitted.

The commission alleged that the deputy speaker entered into an agreement with another Abuja-based Company, Hokiz Investment Limited, for the construction of 14 units of four bedrooms terrace and one block of six flats on a piece of land in Abuja.

According to the EFCC, the two parties agreed that 40 percent of the buildings would be allocated to Hokiz Investment Limited and 60 percent for Sun Gold Estate.

The deputy speaker and his company however reneged on the agreement.

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