The Economic and Financial Crimes Commission has detained the Group Managing Director of Transcorp, Mr. Tom Iseghohi over an alleged N15bn contract scam.
Also detained in connection with the scam are the company’s Deputy General Manager, Mr. Mike Okoli, and the Company Secretary, Mr. Mohammed Abdullahi.
The suspects were alleged to have engaged in the indiscriminate awards of contracts.
Sources close to the EFCC told our correspondent in Abuja that Iseghohi and two other suspects were handed over to the commission on Tuesday night by the State Security Service and were detained for interrogation.
According to the sources, the suspects allegedly awarded some of the controversial contracts and payment on services using different companies.
The sources further said that some of the suspects were alleged to have paid $100,000 to Global Information Technology Incorporated, a company based in USA toward the end of 2008 to investigate a fire incident that occurred in NICON property at Saka Tinubu, Lagos.
Another $108m was also alleged to have been paid to Ankor Pointe Integrated Limited between 2007 till date for the management of Transcorp Oil block OPL.
In addition, while about N35m was said to have been paid to Hasasa between November 2007 and August 2008 as consultancy fees, Hamattan Ventures was said to have also got $500m for organising meetings for the GMD overseas.
The source further said that the suspects were also alleged to have paid about N205m within four months as legal fees.
When contacted, the Head, Media and Publicity of the anti-graft agency, Mr. Femi Babafemi, confirmed the arrest.
He said that investigation was still going on to establish their level of complicity but however, declined further comments.