EFCC says Odili to face investigation for alleged misappropriation of funds

EFCC says Odili to face investigation for alleged misappropriation of funds

- EFCC has revealed a fresh move on the former governor of Rivers state, Peter Odili

- The anti-crime agency said that it would soon open Odili's case

- Odili had approached the Supreme Court to stop his investigation by the EFCC

A former governor of Rivers state, Peter Odili, would soon face investigation over financial misappropriation allegedly perpetrated while he was in office.

The Nation reports that the Economic and Financial Crimes Commission (EFCC) said on Tuesday, January 7, that it would re-open Odili's investigation.

Legit.ng gathered that the anti-graft agency said the injunction obtained by Odili was being challenged at the Supreme Court.

Speaking with reporters in Port Harcourt, the state capital, the acting EFCC chairman, Ibrahim Magu, said subsequent judgments have held that the agency cannot be restrained from investigating anyone.

EFCC reveals fresh move on Odili's investigation, says high profile financial crimes will be exposed

Former governor of Rivers state, Peter Odili
Source: Depositphotos

According to him, the judgment stopping the commission from investigating Odili cannot stand, adding that the commission would track and expose high profile financial crimes in the country.

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Magu said Rivers has the second-highest number of money laundering cases after Lagos.

He said: “Nothing is going to stop us. Even the issue of the court order allegedly obtained by Dr Peter Odili and co to stop the EFCC from investigation and prosecution is still at the Supreme Court. We are on it.

“I am telling you that, that judgement cannot stand; it will only take some time but it cannot hold and we are going to conclude the investigation. There are so many investigations we are doing. I am sure the matter has suffered for about 13 years now. We are going to test it. The matter is in the Supreme Court. We will follow it up."

Magu said the commission secured 1,245 convictions last year, calling for Nigerians’ support in the fight against corruption.

He warned those engaged in oil bunkering in the Niger Delta to desist from such economic sabotage.

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According to him, illegal oil bunkering is a terrible leakage of the economy and the EFCC would not relent in fighting it.

He said: “Let me also use this medium to warn against illegal oil bunkering. Perpetrators should desist from their nefarious operations. The EFCC is resolute in its fight against economic sabotage and oil theft.

“The Niger Delta is highly significant to our national economy and the Commission will continue to do all that is lawful and patriotic in ensuring that operators of illegal oil bunkering are brought to book."

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Meanwhile, Legit.ng had previously reported that EFCC named Lagos and Rivers as states with the highest number of money laundering cases in Nigeria.

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