Ambassador David Onoja, the President and Founder of Enemona Josh Humanitarian Foundation who was reportedly abducted by gunmen in his home Lokoja, Kogi State on Thursday was actually arrested over N530 million loan default, a partner of the philanthropist has said. PM NEWS reports.

According to PM NEWS, Olaluwoye who claimed that he has been the one funding Onoja’s foundation said the philanthropist was arrested for refusing to pay a loan he collected for financing coal mining and haulage business in Kogi. Information Guide Nigeria

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“He, Onoja, introduced his business to me and I welcomed the idea. I was in Lokoja in 2020 to see what the business looks like, and I saw it’s a genuine business.

“It was a coal business. He supplies consumers in Ogun and some parts of Abuja. The more we fund the business, the more money we make. He comes with the proposal and we discuss and agree on my Return of Investment (ROI). jamb results

“I noticed he started developing interest in politics which I warned him to desist from, but he wouldn’t listen. He started spending extravagantly in the guise of doing philanthropic works and it is now difficult for him to give an account of what has been expended on the business,” he said.

Olaluwoye urged members of the public to disregard reports that Onoja was abducted, adding that “he is on his way to Lagos where he will be facing trial.”

Another source who craved anonymity confirmed that Onoja was arrested by Nigeria Police Force for refusing to pay a loan he collected using PFTN Nigeria limited, for the financing of coal mining and haulage business worth N530 million.

“The arrest which was authorized by the Lagos state Commissioner of Police had the arrest warrant and all other necessary paperwork, which enabled them to trace Onoja to Lokoja where he has been hiding under the cover of his brother and deputy governor of Kogi State, Edward Onoja.

“The self-acclaimed Kogi philanthropist was arrested from his house at Wada road, Lokoja and taken to Lagos where he is expected to face the law,” the source said.