Alleged N100bn Fraud: EFCC Commences Probe Of Ex-Governor of River State, Peter Odili

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EFCC has begun an investigation into the alleged misappropriation of public funds by the former River State Governor, Peter Odili. The commission has accused the former governor of diverting N100bn public funds for his personal use during his tenure as a governor from 1999-2007.

According to the EFCC, the former governor was accused of diverting N1.5bn which he used to obtain his doctorate degree and naming a hall after him at the Lincoln University, USA, amongst others. He was also accused of moving N3bn to an oil company for shares, N1.8bn for a communication company which as of 2006, was a quoted company and had no shares, and N1.4bn to a bottle water company.

 The anti-graft commission during its probe into the governor’s finances, has also alleged that between 2018 and 2019, N2bn was transferred from the account of the present governor Nyesom Wike, into an account said to belong to the account of the former governor’s companies.

Odili ran to the Federal High Court in Abuja pleading to the court to stop anti-graft commission from investigating him; after his plan to involve the state government to take over the shares failed.

BY HANYTA OGBE

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