The Managing Director of Kanu Nwankwo's hotel 'Hardley Suites Limited' alongside another hotel staff have been arrested and charged to court for allegedly stealing N1.4 billion belonging to the hotel and suites.
They got arrested after Nwankwo Kanu and Ogbonna Kanu (the hotel's management) complained to the police that their manager between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel.
The manager Mr. Ayoola Gam Ikon, 49, was to construct and furnish additional blocks of 30 suites and conference facilities but he failed to use the money for the purpose and allegedly converted the money to his personal use.
He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.
Kanu's Hardley Suites Limited is situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos.