Man Steals N20m From Procter and Gamble and Spent it on Gambling

Economic and Financial Crimes Commission has arrested Emmanuel Chigozie Eze, a 35-year-old man for allegedly stealing over 20 million naira from Procter and Gamble.

Eze who is the Head of Sales for the company said he had spent the money on online sports betting.

He was arrested along ‘K-Line area’ of Ewet Housing Estate in Uyo, Akwa Ibom state, following a petition.

The petitioner alleged that Eze used his position as Head of Sales for Procter and Gamble, to supply goods worth over N20m to customers and converted the same for personal use.

It was also gathered through investigation that the accused sold goods worth the said amount and fraudulently collected monies from various customers using his personal account rather than the company’s account.

According to findings from the investigative team, the suspect has a severe gambling addiction as he spent over N4m placing bets on a daily basis with almost nothing to show for it.

It was also discovered that between July and December 2020, the suspect received over N18m from one of the company’s major customers (name withheld) for goods, which were not fully delivered.

According to the customer, she’s still expecting the balance of goods worth over N8m.

Source: guardian.ng

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