Proshare NI, this afternoon confirms that Mr. Farooq Oreagba, ex-General Manager Strategy/New Products; affected in the putsch of August 26, 2010 by the Interim Administration, has been arrested by members of the Nigerian Police Force, and taken to the Lion Building, Lagos.

 

The Police, we are told are currently in the process of securing a warrant to undertake a search of his house and personal effects.

 

The developments leading to this relate to activities which bother on the conduct of the ex-General Manager with regards to the company provided computer system and unconfirmed attempt to tamper with or delete information from its hard disk.

 

When contacted, the Nigerian Stock Exchange (NSE) spokesperson, Mr. Sola Oni declined any comment. When pressed, he acknowledged that he was taken by surprise by the news and would have to confirm the development before getting back.

 

Inside sources however confirm to Proshare NI that an alert was raised this morning at and around 10am when it was reported that he came to the office yesterday to take his things but locked the office on his way out. When he came in today, the officers on duty noticed some anomalies that led to the invitation of the police force.

 

Source: Proshare