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Alleged N80m Fraud: Former Managing Director Of Nigerian Ropes Plc, Joao Mario Carradinha, Dragged Before EFCC

Acting EFCC Chairman, Ibrahim Magu 


IKOYI, LAGOS STATE, NIGERIA - As a result of the N80m fraud alleged to have been perpetrated by the former Managing Director (MD) of a Nigerian firm, Joao Mario Carradinha, a Portuguese, and it's three former officials, Nigerian Ropes Plc, has filed a petition before the Economic and Financial Crimes Commission (EFCC).

In the petition dated October 22, 2019, and received by the anti-graft agency on October 23, 2019, the three other officials are: Ayodeji Balogun, Chimaroke Aloa and Mobolaji Olawoye.

The firm in its petition entitled: "Petition against those listed above for acts of money laundering, criminal breach of trust and embezzlement of company funds e.t.c.", to the EFCC and signed by its solicitor, Adewale Fadipe, alleged that Joao Mario Carradinha Costa Pereira, upon being employed as its Managing Director, fictitiously and fraudulently appointed his wife, and made fraudulent payments in foreign currency of United State dollars to the said wife, who was not resident in Nigeria nor offered any services to the company.

Adewale Fadipe further made the allegation that Joao Mario Carradinha Costa Pereira, made several withdrawal from the company's account in local currency and converted same to hard currency for personal use.

Adewale Fadipe insisted that the alleged embezzlement had ran into millions of Naira, just as he added that attempts were made to retrieve the money from the Portuguese but that the effort was unsuccessful as he was suspected to have absconded from Nigeria.

Adewale Fadipe suggested that Joao Mario Carradinha Costa Pereira, rather than refund the said sum to the company, took a flight and he is reasonably suspected to be resident in either England or Portugal.

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