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Senator in trouble over N4b contracts, 20 bank accounts

A senator is the subject of a massive probe for not executing N4 billion contracts awarded by the government of Delta State, The Nation learnt yesterday.

Sources told The Nation yesterday that the Economic and Financial Crimes Commission (EFCC) was also looking into how the lawmaker operates 20 accounts in six banks with different signatories.

Besides, the senator allegedly used a company, to buy a 12-storey building in Apapa, Lagos, belonging to the Delta State Government for N805 million.

The Nation learnt that the Code of Conduct Bureau (CCB) record showed that the senator “did not declare all the companies and bank accounts he has despite being operational prior to the time he made the declaration”.

The senator’s investigation, a source said, followed a petition from Delta State.

The petitioner alleged that the senator owns a firm which was awarded a N1,580,000,000 contract by the Direct Labour Agency to supply construction equipment.

The Nation, March 31, 2017

 

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com