Former Principal Manager at Fidelity Structures Limited, Nwodo Martha, is facing court charges over alleged fraud involving the sum of N39.8m belonging to the company.
Fidelity Structures is one of the major distributors of Nigerian Breweries, where she served as principal manager.
Martha was arrested by the Economic and Financial Crimes Commission (EFCC), when Fidelity Structures filed a petition against her, alleging that, as one of its Principal Managers, she turned herself into a Sole Administrator to enable her carry out her alleged fraud undetected.
The company alleged that she blocked all the company directors from having information about the operations of the company.
Meanwhile, having successfully blocked all directors from prying her activities, she began releasing products to faceless sub distributors while fraudulently collecting all payments made for the products.
The petitioner also alleged that Marth constantly approved for herself salary in advance, and had also sold off two of the company’s delivery vans.
The company named the vehicles as: Ford and Mercedes 813 truck, which she claimed were missing but was later discovered to have been sold by her.
The accused was therefore arraigned by the Enugu Zonal Command of the EFCC, before Justice H. U. Ezugwu of the Enugu State High Court sitting in Independence Layout, Enugu State.
Martha was arraigned on nine-count charges bordering on stealing by fraudulent conversion to the tune of N39.8.
Source: Discoverer
