The Chief Executive Officer (CEO) of Emy Cargo and Shipping Services Limited, Emeka Okonkwo, popularly known as E-Money, has debunked a report that he is under investigation over an alleged N1,209,200,000 deal.

A report had emerged that E-Money is under investigation at the Force Criminal Investigation Department Annex, Alagbon in Lagos State, over an alleged N1.2 billion dispute with vehicle dealing company Autocorp Limited in the state.

Reacting, the billionaire businessman said the information contained in the report were misleading and did not represent the facts of the matter.

E-Money, in a statement shared on his Instagram account on Thursday, May 9, 2024, disclosed that the police are investigating a report by Autocorp Limited against his company on a business transaction regarding the clearing of vehicles between 2019 and 2020.

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He added that he visited the police to give accurate details of the business dealings.

The statement read: “Our attention has been drawn to the Punch Newspaper publication affecting the person of E-Money, the CEO of Emy Cargo & Shipping Services Limited. The pieces of information contained in the said publication are misleading and do not represent the facts of the matter.

“Unequivocally, the news alleging a Police probe into a N1.2 billion dispute between E-Money and Autocorp Limited is not an accurate representation of facts.

“The Nigeria Police is investigating a report by Autocorp Limited against Emy Cargo & Shipping Services Limited on a business transaction regarding the clearing of vehicles in the year 2019/2020.

“Unreservedly, E-money, and Emy Cargo & Shipping Services Limited have visited the Police as a law abiding citizen to give accurate details of the business dealings.

“Accordingly, we urge the public to refrain from spreading unfounded rumours and sensationalized information. The truth of the situation is far more nuanced and does not warrant the sensationalism portrayed in recent reports.”

The Star