EFCC finally begins probe of $16b power spending

August 29, 2019 by Delia Innoma 0 Comments

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.

– The Nation

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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