Read the EFCC press release below...
A Lagos businessman, who allegedly diverted a N3.8billion loan secured from an old generation bank
has been arrested by the Economic and Financial Crimes Commission, EFCC. Samuel Joseph, Managing
Director of Vegefresh Company Limited, Rhema Doormart West Africa Limited, and Plywood and
Chemicals Accessories was picked up this morning by operatives of the Commission in Lagos. The
suspect is alleged to have collected N3,828,756,877.61 (Three Billion, Eight Hundred and Twenty Eight
Million, Seven Hundred and Fifty Six Thousand, Eight Hundred Seventy Seven Naira, Sixty One Kobo)
from the bank in tranches.

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