Projects

N16bn power projects: EFCC arrests 4, others on the run

N16bn power projects: EFCC arrests 4, others on the run

The Economic and Financial Crimes Commission (EFCC) has arrested two top officials of the Niger Delta Power Holding Company (NDPHC) who supervised the execution of the former President Olusegun Obasanjo power projects.

The two officials were among the four persons detained by the anti-graft agency on Wednesday.

 The arrests may be the beginning of the probe of the controversial expenditure during the Obasanjo presidency, which end as a white elephant project..  

The NDPHC officials arrested are the Head of Finance Marvel Emefiele and Head of Compensation Eze M. C. Odigbo,

 They are reportedly 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.  

According to reports, 18 more suspects are being trailed by detectives including two former governors, a former chairman of a bank and a former chairman of an airline.

Also, about 15 more companies are also on the EFCC watch list. There are fears that some of the suspects might have secretly relocated abroad.

It is not known yet whether the anti-graft agency will swoop on former president Obasanjo.

Comment With Facebook

Comments (129)

  1. I’m not that much of a internet reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your site to come back later on. All the best|

  2. Mahalia Epley is historical past of the people use to call me though I don’t really like being called like the fact that. Puerto Rico is where my house is when compared to have distribution I need here. My husband doesn’t like it the way I do but things i really look foward to is researching fashion nevertheless i don’t let the time not too long ago. Data processing is her profession but she plans on changing that will. If you want to find out more the look at my website: #link#

  3. Hi there to all, the contents existing at this website are in fact awesome for people knowledge, well, keep up the nice work fellows.|

  4. What a stuff of un-ambiguity and preserveness of precious knowledge about unexpected feelings.|

  5. generic viagra [url=https://viagenupi.com/#]what happens if a girl takes viagra[/url] buy cheap viagra online what happens if a girl takes
    viagra viagra price comparison https://viagenupi.com/

  6. honest test [url=http://viacheapusa.com/#]female viagra pills[/url] buy viagra without prescription female viagra pills ultimately
    mood http://viacheapusa.com/

  7. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  8. What’s up Dear, are you actually visiting this web site daily, if so afterward you will definitely get good know-how.|

  9. Very good site you have here but I was curious if you knew of any forums that cover the same topics talked about here? I’d really like to be a part of community where I can get feed-back from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Appreciate it!|

  10. I love what you guys tend to be up too. This kind of clever work and exposure! Keep up the good works guys I’ve added you guys to my blogroll.|

  11. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment?s pleasure, for the rest of their lives.

  12. What’s up to all, it’s actually a pleasant for me to visit this website, it contains useful Information.|

  13. Mahalia Epley is selected people use to call me though I don’t really like being called like that a lot of. Puerto Rico is where my house is i have precisely what I need here. My husband doesn’t like it the way I do but a few things i really look foward to is researching fashion nevertheless i don’t have an time currently. Data processing is her profession but she plans on changing who’s. If you want to find out more away my website: #link#

  14. Great information. Lucky me I ran across your website by chance (stumbleupon). I have book marked it for later!|

  15. With havin so much content do you ever run into any issues of plagorism or copyright violation? My website has a lot of unique content I’ve either written myself or outsourced but it seems a lot of it is popping it up all over the internet without my permission. Do you know any solutions to help protect against content from being ripped off? I’d definitely appreciate it.|

  16. It’s awesome to go to see this web site and reading the views of all mates about this piece of writing, while I am also eager of getting experience.|

  17. I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Superb work!|

  18. Hello. Permit me to introduce the writer. Her name is Mahalia Buchholtz. Vermont has always been my living place having said that i will to be able to move in a year or two different. I am currently a procurement officer and the salary may be really fulfilling. Solving puzzles is what she loves doing. If you want to find out more the look at my website: #link#

  19. Hi there! Someone in my Myspace group shared this website with us so I came to look it over. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Exceptional blog and terrific style and design.|

  20. I very like this blog. Everything is cleared.

  21. These are truly wonderful ideas in concerning blogging. You have touched some pleasant factors here. Any way keep up wrinting.|

  22. Your way of telling the whole thing in this article is genuinely good, all be able to
    effortlessly know it, Thanks a lot.

  23. It’s nearly impossible to find knowledgeable people on this topic,
    however, you seem like you know what you’re talking about!
    Thanks

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.