EFCC Begins Probe on Obasanjo’s $16 Billion Power Project- Arrests Four

Two top officials of the Niger Delta Power Holding Company (NDPHC), the company that carried out supervision of the execution of Obasanjo’s $16 billion power projects, have been arrested by the EFCC.

Both officials were among four persons who were detained by the anti-corruption agency on Wednesday. The arrests signify that a probe of the massive expenditure during the administration of Obasanjo has begun. The project had little or nothing to show for it in the long run.

The top NDPHC officials who were arrested include the Eze MC Odigbo, the Head of Compensation and Marvel Emefiele, the Head of Finance. They are expected to give an account for the N850 million which was earmarked as compensation to communities where components of the power project were sited.

Mr Richard Ayibiowu, the Managing Director of Pivot Engineering as well as Mr Christian E Imoka, the Managing Director of Chris Ejik Nigeria Limited, were also arrested by the EFCC.

THE NATION reports that detectives are on the trail of 18 more suspects including a former chairman of a bank, two former Governors and a former chairman of an airline.

It was discovered that about 15 more companies were on the radar of the EFCC on Wednesday night. It is, however, feared that some of the suspects may have secretly relocated abroad.

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