Kanu Nwankwo Loses 1.4 Billion Naira

Nigeria’s football star, Nwankwo Kanu has lost N1.4 billion in his hotel business and the Managing Director of the hotel, Mr. Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria,  for allegedly stealing the N1.4 billion belonging to the hotel and suites owned by Kanu.

Also arrested along with him  over the alleged fraud is a hotel staff, Oke Samuel. They were arraigned before an Igbosere Magistrate’s court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretense of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities, but he allegedly failed to use the money for the purpose and converted the money to his personal use