“EFCC Embarks Probe of OBJ’s $16bn Power Project, Arrests 4.

The Economic and Financial Crimes Commission (EFCC) on Wednesday kept two high ranking representatives of the Niger Delta Power Holding Company (NDPHC), the organization which administered execution of the $16 billion bombed power ventures. Cma Trends reports.

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

They are relied upon to represent the N850 million reserved as pay to networks where segments of the power venture 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.

Investigators are on the trail 18 additional suspects including two previous governors, a previous administrator of a bank and a previous director of an aircraft.

Around 15 additional organizations are likewise on the EFCC radar, it was found out the previous evening. There are fears that a portion of the suspects may have subtly moved abroad.

President Muhammadu Buhari has more than once thought about how $16 billion was spent on power and there is no power produced. He consequently requested a test into the use.

A source in the counter join commission stated: “The NPDHC authorities are being kept by the EFCC, following their supposed association in fake installment and preoccupation of about N850million pay to networks where the segments of the power tasks were sited.

“Examination uncovered that endorsement was allowed for the installment of N84billion to the networks where transmission lines of the power undertaking are intended to be laid.

“Agents found that there were not kidding issues emerging from the installment of the remuneration to the networks.

“Despite the fact that about N50 billion remuneration was said to have been paid to the networks, the temporary workers were said to have been kept from working by the networks over non-installment of a similar pay which the NPDHC records guaranteed had been paid. “Emefiele was said to have affirmed the installment of N850million as NPDHC Head of Finance while Odigbo, Head of Compensation allegedly affected the remuneration to the networks…

source:cmatrends

About Ademiniyi Oreoluwa 1790 Articles
Oreoluwa fondly called Don Writer is a Youth Corps Member, serving up north. He is a passion-driven writer, ProBlogger, content creator, and Editor. He aims to bring to you: gist, trends, and the latest news happening around in Nigeria and the world at large.

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