Company official Spent N20million on Sports bet

Emmanuel Chigozie Eze, a 35-year-old Head of Sales for Procter and Gamble company has been arrested for allegedly embezzling over N20m(Twenty Million Naira) company funds, which he claimed to have spent on online sports betting.

Operatives of the Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, arrested him. This was made know through the official Twitter page of the commission on Tuesday, March 16, 2021.

He was arrested along ‘K Line area’ of Ewet Housing Estate in Uyo, Akwa Ibom state, following a petition. The petitioner alleged that Eze used his position as Head of Sales for Procter and Gamble, to supply goods worth over N20m to customers and converted same for personal use.

According to the complainant, the suspect between March 2020 and January 2021, sold goods worth the said amount and fraudulently collected monies from various customers using his personal account rather than the company’s account.

Investigations into the matter revealed that the suspect has severe gambling problem as he spent over N4m placing bets on daily basis with almost 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, she’s still expecting the balance of goods worth over N8m.

According to the EFCC, the suspect will be charged to court once investigations are concluded.