Anambra Comissioner Refutes Financial Fraud Claim

Anambra state Commissioner for Special Duties, Mr. Vincent Ezenwajiaku, has debunked the alleged story of financial fraud brought against him by Mr.Mgbemena who he referred as his brother.

According to the commissioner in a press briefing, Mr. Mgbemena, who was a director in NIMASA in 1998, on his own volition came to him and requested to be a shareholder in his company, Bioplastics Industries Limited located at Chief  Vincent Ezenwajiaku Street, Ajao Estate, Isolo Lagos.

Mgbemena was a minority shareholder holding about 34 per cent share while himself controls over 70 per cent having set up the firm with over 34 million naira in 1998.


The commissioner said, Mr. Mgbemena, in paying up for his share, did that in a trickle for three years, paying only N8.1 million.

In the year 2000, he willingly opted out of the business and suggested that the company be audited.

The auditors, Tony Nonyerem Enyinaya and company were consulted after which it was resolved that he should pay Mr. Mgbemena the sum of N7.5 million, and the company folded up in 2001.

Due to a strange illness diagnosed as Stress Induced Nerve Disorder, he was out of business and could not pay Mr. Mgbemena, but all the while had been in constant communication with Mr. Mgbemena.

Mr. Ezenwajiaku said when he picked up his business again; his foreign debt totalling N30 million had to be settled first.

On the verge of commencing the payment, Mr. Mgbemena who had already sworn to dent his image having being made a commissioner, sent the men of Special Fraud Unit (SFU) from Lagos after him who kept attempting to arrest him leading to his obtaining a court order under the enforcement of fundamental human rights on August 23rd restraining them from arresting him.

He wondered why the police labelled him a wanted man in spite of the fact that the case was a civil one. Mr. Ezenwajiaku said he will tender his resignation letter to the governor tomorrow morning, but will pursue the matter in court.

The commissioner he is claiming 250 million naira in damages, and that every kobo of the N7.5 million will be paid to Mr. Mgbemena.

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