Anti-corruption and elections / EFCC

EFCC Grills Managing Director, Paramount Energy Limited for Alleged N72.3million Fraud in Enugu

Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC have commenced investigations into the activities of one Ralph Chinazum Ajah, Managing Director, Paramount Energy Limited for an alleged case of obtaining by false pretence and stealing to the tune of N72, 300, 000. 00 (Seventy two million, Three Hundred Thousand Naira). A petitioner alleged that he sent the said sum to Ajah for the supply of petroleum products to some of his branches. The said money was paid in six tranches between April 11, 2022 and May 24, 2022. “After he collected the money, he