EFCC Arrests Businessman for Alleged N30.8million Fraud in Enugu

Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC have arrested one Onwughalu Chikodi Godwin, a 30-year old businessman for allegedly stealing vegetable oil belonging to a company, Bro-kenn Agro Allied Industries, worth N30, 853, 800. 00 (Thirty Million, Eight Hundred and Fifty-three Thousand, Eight Hundred Naira).

The company, engaged in the refining and processing of vegetable oil, alleged that Godwin, a major customer of the company, conspired with others at large to defraud the company the said sum, being the value of oil stolen from the factory between January 9, 2024 and May 26, 2025.

According to the counsel to the company, Dr. Mazi Udegbulem, the suspect and his cohorts fraudulently manipulated the refinery’s weighbridge system to facilitate and conceal their unlawful activities by filling jerry cans with water to manipulate weighbridge readings, drain the water at the refinery and refill the jerry cans with stolen vegetable oil.

“The practice in the company is that, if a vehicle is coming in to lift oil which has been paid for by a customer, it must be inspected at the entrance of the company and weight determined at the weighbridge. After the weighing of the vehicle and the determination of its weight which will be recorded, the oil will be loaded and the vehicle taken back to the weighbridge again to ascertain the weight after loading. The difference between the empty vehicle without oil and when oil is loaded into it will give the net weight which is the value of the oil loaded in the vehicle”, he said.