Emeka Okonkwo, also known as E-Money, CEO of Emy Cargo and Shipping Services Limited, is currently under investigation at the Force Criminal Investigation Department Annex, Alagbon, over an alleged dispute of N1,209,200,000 with Autocorp Limited, a vehicle dealing company based in Lagos State.
A police source, requesting anonymity, disclosed that both Okonkwo and the aggrieved party have been summoned for questioning, with further meetings scheduled to address the case.
The dispute reportedly stems from a contract in which Autocorp Limited engaged Okonkwo to clear eight vehicles, consisting of six TXL Prado and two Lexus jeeps, valued at N1,209,200,000. Despite Okonkwo clearing the vehicles, Autocorp Limited claims they never received the vehicles and alleges that Okonkwo sold them without authorization.
In response, Okonkwo denies the allegations, citing a resolution and business transaction between both parties. However, he acknowledges the ongoing investigation and has scheduled an appointment to provide his side of the story.
The lawyer representing Autocorp Limited has petitioned the FCID, describing the dispute as involving “stealing, fraudulent conversion, and criminal sale,” urging swift intervention to locate the missing vehicles and bring Okonkwo to justice.
Aminat Mayegun, spokesperson for the FCID Annex, Alagbon, confirmed the investigation, stating that Okonkwo has been invited for questioning and that both parties will be called for further discussion.
