Colonel Arraigned over N34m Scam

19 Jan 2013

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The Economic and Financial Crimes Commission on Thursday arraigned Eugene Okpala, a retired Colonel, before the Federal High Court, Enugu on a seven count charge of forgery, and obtaining money amounting to N34million under false pretences.  Okpala and the other suspects who are still at large, according to the anti-graft agency's statement signed by Mr. Wilson Uwujaren, said the suspects in August 2008 allegedly conspired and sold a parcel of land at Independence Layout, Enugu belonging to Chief Philip Asiodu, to Dominion City Church for N34million. 

The Church which petitioned the Commission claimed it bought the land after inquiries at the Ministry of Lands indicated that the proprietary rights to the land originally leased to Asiodu by the government in 1977 had been transferred to Col. Okpala (rtd.). Based on this information, the Church negotiated and bought the property from Col. Okpala for N34m plus a five percent agency fee. The transaction was allegedly funded on behalf of the church by Bank PHB Plc now Keystone Bank Limited.  

Tags: Nigeria, Featured, News, Eugene Okpala, EFCC

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