The Economic and Financial Crimes Commission (EFCC) has commenced the probe of regime of ex President Olusegun Obasanjo’s $16 billion power projects with the arrest of two top officials of the Niger Delta Power Holding Company (NDPHC).
NDPHC supervised the execution of the power projects.
The two officials, Head of Finance, Marvel Emefiele; and Head of Compensation, Eze Odigbo; were detained yesterday, August 28.
They are facing questions over N850 million earmarked as compensation to communities where components of the power project were sited.
Those who were also detained yesterday include the Managing Director of Pivot Engineering, Richard Ayibiowu; and the Managing Director of Chris Ejik Nigeria Limited, Christain Imoka.
About about 15 more companies are also on the EFCC radar.
Also, about 18 more suspects including two former governors, a former chairman of a bank and a former chairman of an airline, are being trailed in connection to the projects.
President Muhammadu Buhari had ordered probe into the $16 billion earmarked for power projects which has not improved power challenges in the country.
