A combined team of security operatives have arrested Kingsley Feboke a former director of operations of Baraza Multipurpose Cooperative Society over alleged fraud.
Multiple sources told Niger Delta Connect on Tuesday, June 8, in Yenagoa, that his arrest was not unconnected with the ongoing investigations into the massive high-tech fraud in the cooperative which has stalled its operations for two months now.
It was gathered that Feboke was implicated in the financial sleaze by some staff of the cooperative who were earlier arrested by the DSS weeks ago after an ongoing audit exercise revealed their criminal acts. Suspects were arrested and handed over to the Police.
The arrested staff in their confessional statements were said to have mentioned Feboke’s name alleging he has been the “arrow head” and “mastermind” in the systematic, high-tech and monumental fraud, running into millions of naira.
According to the sources, the incarcerated staff had alleged that it was Feboke who engineered the trade team of the cooperative to ensure that they divert some of the profits from trading into various accounts and later shared it.
The sources alleged that it was from the proceeds of the illicit deal that emboldened him to obtain a recognized chieftaincy stool in Kolokuma/Opokuma, where he hails from in December last year and is currently building a multi million naira mansion in Yenagoa.
One of the sources said: “Yes High Chief Kingsley Feboke former Baraza Director of Operations was arrested by the security agents. He was fingered by some staff of the cooperative who weeks ago were arrested by the DSS for allegedly spearheading a conspiracy with the Head of Baraza ICT to form and operate a syndicate to siphone hundreds of millions of naira from Baraza.
“He is currently undergoing interrogation and will be handed over to the standby Police Team and will be detained if need be or granted provisional bail as applicable. It is a sad thing. The same people he trusted are the ones that have been quietly bleeding Bribena.”
The Chief Executive Officer of Baraza, Miebi Bribena as part of his weekly Road to Recovery Plan briefing recently disclosed how some of his staff helped themselves with monies meant for members of the cooperative which affected its monthly financial obligations to the members.
Bribena lamented that the staff alongside their external collaborators were bent on crippling the cooperative until a team of auditors came to the rescue and discovered the fraud.
One of those in custody, Williams Oji, had in a recently leaked audio telephone conversation begged Bribena for forgiveness, after he was contacted by the security operatives to appear before them.
Oji, in the leaked audio admitted to an extent of being a part of the financial malfeasance in the cooperative and pleaded with Bribena to remember the past, stressing “I am your son oh”.
When contacted, Bribena did not take his calls but replied the text message sent to him by our correspondent, confirming the development with “Yes, he was picked up as part of ongoing investigations by law enforcement agents”.