Court orders Imo state deputy Speaker’s arrest over N785m fraud

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Justice Inyang Ekwo of a Federal High Court in Abuja on Friday granted an order to the Economic and Financial Crimes Commission to arrest and detain the deputy Speaker of the Imo State House of Assembly, Hon. Amarachi Iwuanyawu, over an alleged N785 million fraud.

The deputy Speaker was also said to be the Chairman of Abuja-based Sun Gold Estate Limited, the firm he allegedly used to perpetrate the N785m fraud.

The Judge granted the order while ruling in an ex-parte application brought before him by the Chairman of the EFCC.

Justice Ekwo ordered that when apprehended, the Imo lawmaker should be detained till February 23 next year when he would be expected to be brought to the court by the anti-graft agency.

The ex-parte application argued by Olarewaju Adeola on behalf of the EFCC Chairman indicated that the deputy Speaker was alleged to have, in 2012, entered into an agreement with another Abuja-based Company, Hokiz Investment Limited.

In the agreement, the deputy Speaker allegedly used his Sun Gold Estate Limited to enter into an agreement to build 14 units of four bedrooms terrace and one block of six flats on the land of Hokiz Investment Limited at Mabushi in Abuja.

The anti-graft agency lamented that all efforts to make Iwuanyawu honour its invitations in respect of the allegations were rebuffed, hence, the request for court order to apprehend him.

The EFCC claimed that information at its disposal revealed that the suspect had escaped to the United States of America.

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