FEATURED
EFCC Secures Final Forfeiture Of N827.6m NDDC’s Contract Sum Linked To Edevbie
The Economic and Financial Crimes Commission, (EFCC) has secured the final forfeiture of N827, 679,098.32, being a contract money from Niger Delta Development Commission (NDDC) traced to the accounts of Flank Power Resources Limited and GMFD Ventures Limited.
Both firms are linked to contractors with the Niger Delta Development Commission, NDDC.
Matthew Edevbie, the Chief Executive Officer of Flank Power Resources Limited, is the elder brother to Olorogun David Edevbie, the Chief of Staff to Delta State Governor, Ifeanyi Okowa.
A statement by the Head, Media and Publicity of the EFCC, Dele Oyewale, on Tuesday said that the forfeiture followed the order of Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos.
The order was sequel to an affidavit deposed to by an EFCC investigator, in which the Commission prayed the court for the forfeiture of the sum to the federal government of Nigeria, being proceeds of unlawful activity, traced to some contractors’ accounts with Zenith Bank.
A breakdown of the recovery shows that N616, 679, 098.32 (Six Hundred and Sixteen Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) was recovered from Flank Power Resources Limited, while N211million (Two Hundred and Eleven Million Naira) was recovered from GMFD Ventures Limited.
It was discovered that between 2018 and 2019, Flank Power Resources Limited received the funds from the NDDC, through its account number:1015642852 , while GMFD received through account number: 1014657819 both of which are domiciled in Zenith Bank Plc for desilting contracts which aside being inflated, were not executed, but diverted and laundered.
The sum of N616, 679, 098.32 recovered from Flank Power Resources Limited was facilitated through 62 Zenith Bank drafts in favour of the EFCC Recovered Funds Account with the Central Bank of Nigeria, CBN, while the N211million from GMFD came through 22 Zenith Bank drafts in favour of the same account.
The EFCC secured the interim forfeiture of the money on June 8, 2020 and its final forfeiture was granted by the court on June 29, 2020.
PDP Takes Stocks, Set Up Caretaker Committee For Delta Party’s Structures
‘Leave Behind Political Habits That Caused Decline Of PDP’ – Ned Nwoko Admonishes Gov. Oborevwori On APC Defection
UPDATED: Ochei Hails Oborevwori’s Defection To APC Says ‘It’s A Great “Tsunami” For Greater Delta’ Under Tinubu’s ‘Renewed Hope’
Cabinet Dissolution Looms In Delta, Power Sharing Formula Between APC And PDP Blocks Revealed
Oborevwori Must Vacate His Seat As Governor – Bode George Fumes Over Defection
BREAKING: Intrigues As Atiku’s Running Mate, Okowa, Oborevwori Dump PDP
Delta North: ‘Herdsmen Are Terrorising And Killing Our Farmers’ – Senator Nwoko Raises Alarm
Rivers Emergency: Inside Details Of Tinubu, Fubara Secret London Meeting, Wike Left Out
DON’T BETRAY DELTA; REJECT OBOREVWORI’S LAST-DITCH EFFORT TO JOIN APC, BY GEORGE URHIE
DOPF Congratulates Bebenimibo On Appointment As Registrar Of Maritime Varsity
How Tinubu’s Timely Return From Europe Averted Constitutional Crisis
Delta North APC Youth Leadership Pass Vote Of Confidence On Sen. Ned Nwoko
FLASHBACK: OLU OF WARRI PROCLAMATIONS TO HIS SUBJECTS: THE RENEWAL OF COMMITMENT BEGINS WITH ATUWATSE III, BY ZIK GBEMRE
Ned Nwoko: Quest For Creation Of Anioma State Strategic Move For National Equity
