Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), have apprehended Sylvanus Edet Akpan, an Auditor at Ubotex Limited, Uyo, and Akaninyene Enefiok Achibong, the company’s Cashier, for their alleged involvement in criminal conspiracy, breach of trust, forgery, and the theft of ₦275 million.
The duo was arrested separately in Uyo, Akwa Ibom State, on April 25, 2025, and May 12, 2025, following a petition that accused them of manipulating Ubotex Limited’s financial records to siphon funds.
According to the petitioner, an external auditor was engaged to scrutinise the company’s financial activities between 2021 and 2025.
The audit report revealed that Akpan and Achibong conspired to falsify account records and generated fictitious payment vouchers, enabling them to divert a staggering ₦275 million from the company’s coffers.
The investigation further uncovered that the suspects allegedly forged the signatures of designated staff members responsible for various financial transactions, using the falsified signatures to facilitate unauthorized withdrawals.
Initially, the petitioner suspected that the fraud amounted to ₦200 million.
However, after the audit was concluded, it was discovered that the total sum stolen stood at ₦275 million.
Both suspects have reportedly confessed to the crime and are expected to be charged in court soon.
