The Police Headquarters Annex, Lagos, on Monday, summoned a former Managing Director, Quintiessentially Nigeria, Okon Iyanam, for allegedly embezzling N50m belonging to the firm.
Greenwich News learnt that the company headed by Mr. Festus Odimegwu, had written a petition to the Inspector General of Police, Mr. Mohammed Abubakar, shortly after Iyanam resigned from the organisation.
In the petition made available to our correspondent, the company alleged that it was during a recent account audit that the money was discovered to be missing.
It also alleged that Iyanam visited its London headquarters and tarnished its image in order to get its franchise.
It read, “Iyanam in his capacity as Group Managing Director, Quintissentially Nigeria, conspired with some employees to steal through various dubious means in excess of N50m.
“Iyanam in his capacity as GMD of the company, visited the London Headquarters (the parent company) under false pretences and lied to Quintissentially Worldwide and damaged the relationship between the two companies and concluded plans to appropriate the franchise which Q Nigeria invested heavily to build.”
Iyanam however denied the accusations, calling it a smear campaign.
His lawyer, Mr. Adeniji Kazeem, who briefed journalists at the Force HQ annex, said a huge sum of money was left in the account of the company as of the time Iyanam resigned.
He said the company embarked on smear campaign when it realised that it was about to lose its franchise.
He said, “My client has done nothing wrong and he will be exonerated by the outcome of the investigations. He recently resigned and was even commended by the chairman of the company.
“He left N40m in the company’s account when he left and there was no problem. It’s because the company is about to lose the franchise and the company suspects that Iyanam will be given the licence that is why it’s persecuting him.”
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