ICPC confirms Petroleum Equalisation Fund GM's arrest

ICPC confirms Petroleum Equalisation Fund GM's arrest

- The ICPC has confirmed the arrest of the general manager of the Petroleum Equalisation Fund

Goddy Nnadi was arrested and detained by the commission on Monday, February 3

- Documents show that Nnadi owns a hotel in Imo state against the civil service rules and regulations

The general manager of the Petroleum Equalisation Fund, Goddy Nnadi, is currently being detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the commission has confirmed.

The ICPC's spokesperson, Rasheedat Okoduwa, on Wednesday, February 5, said Nnadi was arrested on Monday, February 3, and has since been under the custody of the commission.

The News Agency of Nigeria reports that Nnadi was arrested after he refused to honour several invitations from the ICPC over allegations of running a private business against the civil service rules and regulations.

Nnadi has been under the radar of the commission over the ownership of a hotel in Imo state.

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ICPC confirms Petroleum Equalisation Fund GM's arrest

Nnadi was arrested and detained over corruption allegation
Source: UGC

Documents recovered from the MD during the ICPC's investigation showed that the hotel was said to have been established in 2015.

Also, the hotel's bank account linked to Nnadi’s Bank Verification Number (BVN) all against the provisions of the Civil Service rules and regulations.

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Meanwhile, Legit.ng previously reported that the ICPC said it had uncovered N12.4 billion padded into 2019 budget.

The chairman of the commission, Bolaji Owasanoye, said the agency stopped N9.2 billion from leaving government’s purse in October.

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Source: Legit.ng

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