Power probe: NDPHC officials detained for alleged N850m fraud
The Economic and Financial Crimes Commission has detained two senior officials of the Niger Delta Power Holding Company in connection with the ongoing investigation into alleged billions of dollars spent on power sector in the country.
It was gathered that the NDPHC Head of Finance, Mr Marvel Emefiele, and Head of Compensation, Mr Eze Odigbo, were being detained for alleged involvement in bogus payment and diversion of about N850m compensation to communities where the components of the power project were sited.
Emefiele was said to have okayed the payment of the N850m while Odigbo allegedly effected the compensation to the communities.
The two suspects were being questioned over the propriety of the payment.
Findings indicate that approval was granted for the payment of N84bn compensation to the communities where transmission lines of the power project were to be laid, but the EFCC detectives reportedly discovered suspicious payments to the beneficiaries.
Though about N50bn compensation was said to have been paid to the communities, the contractors were said to have been prevented from doing their work by the communities over non-payment of the same compensation which the NPDHC claimed to have paid,” sources told our correspondent in Abuja on Wednesday.
Imoka’s firm was awarded the contract for Lot 14 Lekki Ajah Transmission Line, but it allegedly did not execute the contract.
Sources explained that the MD of Pivot Engineering, Mr Richard Ayibiowu, was also arrested and held in custody over opaque and fraudulent compensation payments to some communities.
A popular industrialist, Mr Oba Otudeko, is the Chairman of Pivot Engineering.