Police probe firm’s directors for $2m withdrawal

The police are investigating the directors of a company , Helping Hands Concepts Ltd . , over the alleged withdrawal of $ 2m from the firm ’ s bank account .
It was learnt that detectives attached to the Police Special Investigative Panel are looking for Mr . Obioma Ngoka and Mrs. Luzviminda Mbike over their alleged involvement in the withdrawal of the money.
Ngoka was said to have withdrawn the money from the e - wallet of Helping Hands Concept Ltd . , and shared it to subscribers of the business scheme without the consent of other directors .
The case , which is being investigated by the SIP, headed by Assistant Inspector- General of Police , Ali Amodu (retd . ), followed complaints from the other directors of the firm , Dr . Ejiro Odeghe , Mr . Friday Chukwu and Mr . Lucky Okpara .
A preliminary report of the investigation indicated that detectives had traced Ngoka and Mbike to India and were in the process of enlisting the assistance of Interpol .
Our correspondent gathered on Monday that Helping Hands Concept Ltd . was set up by five directors to carry out business networking on commission basis to the benefit of its subscribers .
It was learnt that at the inception of the business, money was paid into individual accounts based on trust , but the scheme ran into crisis in June , 2016 following a decision to reorganise the administrative process and put in place management staff at a meeting held in Obudu , Cross River State .
A source said, “In implementing the resolutions reached at the meeting , Ngoka objected to the idea of a central corporate account , but the other three directors went ahead to open the account .
“ When asked to deposit the money with him into the corporate account , Ngoka declined and based on this , a petition was written to the Inspector- General of Police who referred it to the IGP Monitoring Unit for investigation . ”
Our correspondent gathered that the parties were advised to settle their differences and it was agreed that the complainants should give the password of the company ’ s server to Ngoka while he was directed to remit the money with him to the firm ’ s bank account .
Another source said, “ But the e - wallet inner vault which housed the company ’ s money was entered into by Ngoka from where he transferred the sum of $ 2m which he reportedly shared to some subscribers without the consent of other directors .
“ In a bid to have a full grip of the company , Ngoka removed Odeghe , Okpala and Chukwu as directors and brought in Ifeoma Ngoka , Angela Dominic and Abiola Balogun , but his action was challenged in a suit at the Federal High Court, Abuja . ”
He was also said to have shut down the company ’s Maxtra Technology server based in India .