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.