Connect with us

Crime & Court

Obasanjo’s $16bn Power Project: EFCC Begins Probe, Arrest Four

Published

on

The Economic and Financial Crimes Commission (EFCC) on Wednesday  detained two top officials of the Niger Delta Power Holding Company (NDPHC), the company which supervised execution of the $16 billion failed power projects.

The officials are Head of Finance Marvel Emefiele and Head of Compensation Eze M. C. Odigbo.

They are expected to account for the N850 million earmarked as compensation to communities where components of the power project were sited

Others in EFCC’s net are Managing Director of Pivot Engineering Mr. Richard Ayibiowu and the Managing Director of Chris Ejik Nigeria Limited Mr.  Christain Ejik Imoka.

Detectives are on the trail 18 more suspects including two former governors, a former chairman of a bank and a former chairman of an airline.

About 15 more companies are also on the EFCC radar, it was learnt last night. There are fears that some of the suspects might have secretly relocated abroad.

President Muhammadu Buhari has repeatedly wondered how $16 billion was spent on power and there is no electricity generated.  He subsequently ordered a probe into the expenditure.

A source in the anti-graft commission said: “The NPDHC officials are being detained by the EFCC, following their alleged involvement in bogus payment and diversion of about N850million compensation to communities where the components of the power projects were sited.

ALSO READ  Don urges online publishers to adhere to ethical standards

“Investigation revealed that approval was granted for the payment of N84billion to the communities where transmission lines of the power project are meant to be laid.

“Investigators discovered that there were serious issues arising from the payment of the compensation to the communities.

“Though about N50 billion compensation was said to have been paid to the communities, the contractors were said to have been prevented from working by the communities over non- payment of the same compensation which the NPDHC records claimed had been paid.

“Emefiele was said to have approved the payment of N850million as NPDHC Head of Finance while Odigbo, Head of Compensation reportedly effected the compensation to the communities. The two officials are being quizzed over the propriety of the matter.

“The Managing Director of Pivot Engineering, Mr. Richard Ayibiowu, is being detained over alleged payment of N350million to the communities.  Part of  LOT 8 of the power project, Ihiala /Orlu Transmission Line, was not executed by Pivot Engineering due to the alleged claim of hostility by the communities while about N350million was on record as paid to the same communities. Mr. Oba Otudeko is the chairman of Pivot Engineering.”

“The Managing Director of Chris Ejik Nigeria Limited, Mr. Christain Ejik Imoka, is being detained over controversial payment of N500million contract LOT 14, which ought to include Lekki-Ajah Transmission Line, which was not executed. But money was paid to that effect.

ALSO READ  Nollywood needs government's support to prevent it going into extinction - Iya Rainbow raises alarm

“The detained officials allegedly failed to honour previous invitations from the commission.”

The source said: “We have invited about 15 companies implicated in the mismanagement of funds meant for the power projects. One of the firms got four contracts but was only able to put in place 30 per cent of the construction. The firm also claimed that it imported certain materials since 2013 and lying in Onne Port without clearing.”

 

NAN

Comments

Crime & Court

Judgment Reserved in Baba Ijesha’s Sexual Assault Appeal

Published

on

By

The Lagos Division of the Court of Appeal has reserved judgment in the appeal filed by Nollywood actor, Olanrewaju James, widely known as Baba Ijesha, challenging his conviction by a State High Court over the sexual assault of a minor.

 

A three-man panel of the appellate court, led by Justice Folasade Ojo, reserved the appeal for judgment today after hearing arguments from both sides.

 

Baba Ijesha, in his notice of appeal, sought to overturn the judgment of the lower court, which on July 14, 2022, sentenced him to five years imprisonment for sexual assault on a minor.

 

Justice Oluwatoyin Taiwo (rtd) of the Lagos Domestic Violence and Sexual Offences Court convicted Baba Ijesha after finding him guilty of four out of six counts brought against him by the Lagos State government.

 

The counts included indecent treatment of a child and sexual assault, among others. However, he was acquitted of sexual assault by penetration.

 

In response to the conviction, Baba Ijesha’s counsel, Kayode Olabiran, argued that the prosecution failed to prove the allegations and claimed his client was set up, citing circumstances surrounding the incident.

 

Olabiran emphasized that Baba Ijesha’s confession was made under duress and urged the appellate court to set aside the lower court’s judgment.

ALSO READ  N15b : Yayi dismisses rumour, says 'I am not the owner of discovered billions in Lagos'.

 

On the other hand, the Director of Public Prosecution, Dr. Babajide Martins, urged the court to dismiss the appeal, asserting that the conviction was valid and supported by evidence.

 

Dr. Martins also reiterated the victim’s age at the time of the incident, emphasizing her status as a minor under the law.

 

Following the arguments presented, the Court of Appeal reserved its judgment for a later date, leaving both parties awaiting the final decision on Baba Ijesha’s appeal.

Continue Reading

Crime & Court

Ex-Kogi Governor, Yahaya Bello Alleged of Withdrawing $720,000 for Child’s School Fees

Published

on

By

Recent developments have shed light on the ongoing investigation into the actions of the former Governor of Kogi State, Yahaya Bello, by the Economic and Financial Crimes Commission (EFCC).

According to the anti-graft agency, Bello is alleged to have withdrawn $720,000 from the state’s accounts to prepay his child’s school fees just before leaving office on January 27, 2024.

Speaking to journalists at the EFCC headquarters in Abuja, Chief Ola Olukoyede revealed that Bello transferred the funds from the state coffers to a Bureau de Change operator for this purpose.

Olukoyede expressed incredulity at the move, highlighting the disparity between such actions and the socio-economic conditions in a state like Kogi.

“A sitting governor, because he knew he was leaving office, moved money directly from the government to Bureau de Change (and) used it to pay his child’s school fee in advance,” Olukoyede stated, emphasizing the sum involved and the implications for governance and accountability.

Olukoyede emphasized his commitment to ensuring the thorough prosecution of Bello, asserting that he would resign as EFCC chairman if the ex-governor is not brought to justice.

Also, he pledged to hold accountable those who obstructed the arrest of Bello during a recent operation at his residence in Abuja.

ALSO READ  Nigerians react to sack of DSS boss, Lawal Daura by Osinbajo

The EFCC is pursuing charges against Bello relating to alleged money laundering, breach of trust, and misappropriation of funds totaling N80.2 billion.

Despite potential challenges and attacks against the agency, Olukoyede affirmed his resolve and that of his team to uphold the rule of law and combat corruption in Nigeria.

Yahaya Bello served as the governor of Kogi State from January 27, 2016, until January 27, 2024, when he handed over leadership to Usman Ododo of the All Progressives Congress (APC). Efforts by EFCC operatives to apprehend Bello on April 17, 2024, were reportedly thwarted when Ododo intervened and allegedly facilitated Bello’s escape.

In response, the EFCC declared Bello wanted and warned against any further obstruction of its operations, a stance supported by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, who urged Bello to surrender himself to the authorities.

Continue Reading

Crime & Court

EFCC Declares Yahaya Bello Wanted for Alleged N80.2 Billion Financial Crime

Published

on

By

The Economic and Financial Crimes Commission (EFCC) has declared Yahaya Bello wanted for an alleged financial crime to the tune of N80.2 billion,” Nigeria’s anti-corruption agency announced.

“Former Kogi State Governor, Yahaya Bello, is wanted by the EFCC for offences relating to economic and financial crimes to the tune of N80.2 Billion,” the EFCC stated in a Thursday evening Facebook post titled ‘Ex-Gov Yahaya Bello Wanted By the EFCC.’

“Anybody with information as to his whereabouts should report immediately to the Commission or the nearest police Station,” the statement continued.

This declaration follows the absence of the chieftain of the ruling All Progressives Congress (APC) from the Federal High Court in Abuja earlier in the day for a suit instituted against him by the EFCC.

Consequently, Justice Emeka Nwite adjourned the suit and called for substituted service and the possible arraignment of Bello for alleged money laundering.

 

Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending