Taiwanese Investor  Calls For Rearrests Of Chiedu Christian Nwosu Over Alleged $1.1m  Fraud

Yakubu BusarI

A Taiwanese, Ivy Hung, has called for Mr. Chiedu Christian Nwosu’s re-arresting over an alleged fraud of $1,164,646, against her firm, Polleen Cooperation.

She said the Federal Government of Nigeria should also protect the human rights of foreign investors in the country.

Ivy Hung, made the call in a presser, on Monday, saying they had between 2006 to 2017, supplied goods to Sahara Tooling Ltd, owned by Mr. Chiedu Christian Nwosu, and his wife, Mrs. May Ifeanychukwu Nwosu, but up till now the duo refused to pay the claimed amount of $1,164,646.

According to her, Polleen Corporation an experienced investor from Taiwan, based in Nigeria for over 18 years, doing business and supporting the Federal Government’s quest for direct foreign investment.

She said: “Sahara Tooling Ltd a company registered in No. 5 Winning Stress, Asaba, Delta with RC Number: 1232007, a joint venture company owned by Nwosu and his wife, Mrs. May Ifeanychukwu Nwosu, a medical nurse in the Nnamdi Azikiwe University Teaching Hospital, Nnewi, Anambra State, received goods from our company, Polleen Corporation, on credit basis.

“After they sold the shipment, they refused to pay us the money for the shipment. Instead, Mr. Chiedu and his wife Mrs. May diverted the money to personal use by investing some of the money into a transport company, African Eagle Multi-Transport Services Limited.”

The Taiwanese investor said they had in mind, 2017 petitioned the Economic and Financial Crimes Commission (EFCC) after which Mr. Chiedu Christian Nwosu, was apprehended, for, allegedly, defrauding their company Polleen Cooperation to the tune of, “USD 1,164,646…”

She said Mr. Nwosu was released on bail but has failed to pay them, adding that he was later rearrested by INTERPOL, in September 2021, and having confessed to have owed their company the claimed amount, he signed an undertaking to reimburse N5m every month, till the debt is fully settled, on that he was again released on bail, but has again disappeared, and shuttling between Nigeria and Ghana axis, establishing some businesses.

She further alleged that  Mr. Chiedu Nwosu had once issued them a bounced cheque, whose bank account was short of funds, whose action had caused their company untold hardship.

“We are here to plead to the Nigerian authority not to abuse the real meaning of Human Rights and at the same time, we want to call the attention of the Federal Government of Nigeria that foreign investors deserve human rights as well in Nigeria,” Ivy Hung said.