Alleged loan fraud: EFCC nabs bank MD, two nuns

EFCC officers

Operatives of the Economic and Financial Crimes Commission have arrested two Catholic Church sisters for allegedly andunlawfully tampering with shareholders’ documents at the Corporate Affairs Commission.

The suspects Rev. Sisters Annette Ezekwem and GetrudeOkafor (who are personnel of the Madonna University Elele, Rivers State) were arrested alongside the Managing Director of Mayfresh Mortgage Bank Limited, Aba, in Abia State, Mr Mark Egbegolu over allegations bothering on fraudulent meddling of shareholders’ names and their dates of birth with the sole aim of evading payment of N1.2billion loan obtained in 2020.

Investigations by South-East PUNCH revealed the principal suspect in the deal and Deputy Vice-Chancellor of Madonna University, Prof. Martin Anagboso, who allegedly initiated the fraudulent process at the CAC was arrested penultimate week by the anti-graft agency.

It was gathered that the DVC, Anagboso, created a debenture in favour of Mayfresh Mortgage Bank Limited to secure a N1.2 billion loan in 2020. In order to evade repayment of this loan, the suspect, in connivance with accomplices now at large, allegedly altered CAC records to strip majority shareholders of their lawful holdings and silence their demands for repayment.

So This Happened (Ep. 328)

The suspects intended to alter the names and dates of birth of Chief Steven Edeh (Late), Arc. John Paul and Mrs Maria Edeh-Omeogo who are said to be major shareholders at the Mayfresh Mortgage Bank to divert payment of the loan.

Their arrest, it was gathered, followed the directives of the National Security Adviser, Mallam Nuhu Ribadu, to the EFCC to investigate the unlawful tampering with the bank’s records, at the CAC.

Reacting to the development, the Rule of Law and Accountability Advocacy Centre, condemned the acts and called on the authorities to launch investigation into the alleged fraud.