For Ralph Chinazum Ajah, the Managing Director, Paramount Energy Limited, these are indeed trying moments. This is because the operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have commenced investigations into his activities as regards the alleged case of obtaining by false pretence and stealing to the tune of N72, 300, 000. 00 (Seventy-two million, Three Hundred Thousand Naira).
A petitioner alleged that he sent the said sum to Ajah for the
supply of petroleum products to some of his branches. The said money was paid
in six tranches between April 11, 2022 and May 24, 2022. “After he collected
the money, he kept promising to supply the products as agreed, but failed to do
so, which then prompted us to do preliminary investigations, and we discovered
that Chinazumah Ajah and his company do not have the capacity to supply the
products and deliberately defrauded us of our business capital”, the petitioner
said.
However, investigations revealed that the suspect used his company's account, Paramount Energy Limited, to receive the said sum, after which he transferred the money to his personal account for personal use.
The suspect will be charged in court as soon as the investigation is concluded.
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