- EFCC has commenced an investigation into alleged misappropriation of public funds by former Rivers state governor Peter Odili
- Odili, who served as governor between 1999 and 2007, was accused by the commission of diverting N100 billion public fund for personal use
- Among top arguments, EFCC said the former governor used 1.5 billion for his doctorate degree in the United States
The Economic and Financial Crimes Commission (EFCC) has commenced a probe of former governor of Rivers state, Peter Odili, over alleged N100 billion fraud.
Odili served as Rivers governor between 1999 and 2007 and it was within this period he was alleged to have diverted N4 billion in cash to a bank for personal use, The Nation reports.
According to EFCC, the former governor was said to have used 1.5 billion for his doctorate degree in the United States and also got a hall named after him in Lincoln University, US.
The anti-graft commission, in its probe, also alleged that between 2016 and 2018, about 2 billion was transferred by current governor Nyesom Wike into the account said to belong to the former governor's companies.
"Between 2005 and 2006, the former governor Odili paid about N1.5billion which was used to obtain a doctorate degree and naming of a Hall after him in Lincoln University, USA and so many others.
“From the same account, he moved N3 billion to an oil company for shares, N1.4 billion to a bottle water company, and about N1.8billion to a communication company which as of 2006, had no share as it was not a quoted company.
“ When the investigation commenced, he quickly involved the state govt to take over the shares but the state govt was not comfortable and requested that the companies return their money," part of the statement read.
Odili, however, has run to the Federal High Court in Abuja pleading to the court to stop the anti-graft commission from investigating him.
In a suit with tag FHC/ PHC/C3/26/2020 dated March 12, the former governor argued that EFCC has been threatening to arrest and prosecute him despite court injection by a Federal High Court in 2007 restraining it from doing so.
Meanwhile, Legit.ng reported that the Economic and Financial Crimes Commission (EFCC) has recorded another breakthrough in its fight against advanced cyberfraud after it nabbed six men suspected to be internet fraudsters known as "Yahoo boys.
The commission revealed that one of the suspects, 38-year-old Azeez Adebowale, was nabbed with a mini casket which contained fetish materials.
According to the agency, it recovered items including four cars, sophisticated phones and an Automated Teller Machine (ATM) card.
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