Connect with us

Hi, what are you looking for?

News

EFCC Returns To Probe Odili’s Alleged N100bn Fraud

There is anxiety in some quarters in Rivers State as the Economic and Financial Crimes Commission, EFCC, is set to reopen the books to probe the former Governor of Rivers State, Dr. Peter Odili.

The renewed probe is coming after more than 16 years, when the anti-graft agency alleged that Odili had questions to answer over alleged N100 billion fraud involving him.

It will be recalled that Odili, who had obtained a perpetual injunction towards the end of his eight years in office, is being asked to provide answers to how such a huge sum of money found its way into his private account or was expended by his administration.

The former Rivers State governor’s travail began during the era of President Olusegun Obasanjo when he (Odili) braced all the odds to run for the presidential ticket of the Peoples Democratic Party, PDP, and was allegedly stopped following some information bordering on financial impropriety in his administration.

Interestingly, Mallam Nuhu Ribadu, who was the chairman of the EFCC then is now the National Security Adviser, NSA, to President Bola Tinubu.

Mr. Rotimi Amaechi, the then Speaker of the Rivers State House of Assembly under Odili was arrested by the anti-graft agency to extract vital information on the financial transactions of the state.

In 2008, Odili approached a Federal High Court and was granted a perpetual injunction stopping the EFCC, its chairman and other operatives from investigating the financial books of the Rivers State government, including himself or any official of the state on the subject matter.

After over 16 years, EFCC has now come up to say that it was beaming its searchlight on the alleged fraud involving the former Rivers State governor.

It is difficult to insinuate whether the renewed probe has any link with the political crisis bedeviling the state because Odili is not the only former governor who is being investigated.

____

Follow us on Twitter at @thesignalng

Copyright 2024 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to  www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Former Governor Willie Obiano of Anambra State was, on Wednesday, arraigned before a Federal High Court in Abuja, on nine-count charge of money laundering...

News

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has vowed to revisit the probe of the Minister of State for Defence,...

News

The Chairman House of Representatives North West Caucus Hon. Sada Soli (APC, Katsina) has condemned the recent invasion of the operatives of the Economic...

News

In a bid to get to the bottom of how humongous cash was moved from the Ministry of Humanitarian Affairs and Poverty Alleviation to...

Copyright ©