A man working with Procter and Gamble has been arrested by the EFCC for allegedly embezzling over N20m (Twenty Million Naira) company funds to play sports betting.
Emmanuel Chigozie Eze, a 35-year-old Head of Sales for Procter and Gamble, was arrested by operatives of the Uyo Zonal Office of the Economic and Financial Crimes Commission 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 the 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 a severe gambling problem as he spent over N4m placing bets on a daily basis with almost nothing to show for it.
Investigations are still ongoing and the suspect will be charged to court once it concluded.