The Economic and Financial Crimes on Wednesday told the Senate that it had the powers to wade into the dispute between Innoson Group of Companies and the Guaranty Trust Bank.
The Director (Legal), EFCC, Mr. Chile Okoroma, while appearing on behalf of the commission before the Senate Committee on Anti-Corruption and Financial Crimes, dismissed the claims that the anti-graft agency was not expected to be involved in the loan crisis between the bank and the Chairman of Innoson, Innonent Chukwuma.
Although GTB was represented by its legal team, the committee however insisted on the appearance of the Chief Executive of the bank, Mr. Segun Agbaje, at their next sitting.
The committee is investigating the invasion and arrest of Chukwuma by the EFCC operatives at his Enugu home in December 2017 as well as the alleged assault on his wife in the process.
Chukwuma’s arrest and detention by the commission followed a transactional dispute between the entrepreneur and a commercial bank.
Okoroma however told the panel that EFCC had the powers to play the role of a mediator and arbiter in transactional matters.
He said, “If someone goes to take a loan from a bank and presents forged documents, are we saying it is a civil matter between them? It is a case of alleged forgery and obtaining money under false pretences. We have the responsibility to investigate and from our investigations, we can prosecute.”
The EFCC official also said Chukwuma had already filed about three suits, with EFCC as a party, in different courts over his arrest and alleged abuse of his fundamental rights.
Okoroma added that the commission arrested the Innoson boss from his home after the businessman, who he said was on administrative bail, failed to honour invitations extended to him by the EFCC.
Reacting to criticisms from members of the panel that the EFCC appeared to be partisan in how it handled the matter, the legal officer said, “We are not partisan, we do not have anything to do with their civil matter, but if there is anything that has to do with financial crimes, it is our duty to investigate it.”