Goddy Nnadi
CrimeHighlight

How BVN exposes Petroleum Equalisation Fund GM’s multi-billion naira graft

147

 

…arrested by ICPC
Mr Goddy Nnadi, the General Manager (Corporate Services), Petroleum Equalisation Fund (PEF) has been nabbed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for multi-billion corruption cases.
 Among others, he is being investigated for building and managing a hotel in Owerri, Imo capital in violation of the  civil service rules.
Some documents discovered in the course of investigation showed that the hotel was established in 2015 and its bank account linked to Nnadi’s Bank Verification Number (BVN).
Confirming the arrest, the spokeswoman of ICPC , Mrs Rasheedat Okoduwa, said Nnadi has been arrested since Monday.
The arrest followed Nnadi’s refusal to honour several invitations sent to him by the ICPC over allegations of running private business against the civil service rules and regulations.
The rules which guide the conduct of public officers in the country states that while these officers are not prohibited from holding shares in both public and private companies, “they must not be directors in private companies”.
Consequently, Nnadi was arrested by the Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property on allegations of corrupt enrichment, living beyond his legitimate earnings and abuse of office.
In December 2019, the Economic and Financial Crimes Commission (EFCC) had earlier taken Nnadi to court which granted its application for a final forfeiture of six properties owned by him.
PerSecondnews recalls that EFCC had filed charges bordering on conspiracy, bribery and money laundering against Nnadi at the Federal High Court in Abuja.

Leave a comment

Related Articles

NDLEA urges Lions Club, other service organizations to join war against illicit drugs

The National Drug Law and Enforcement Agency (NDLEA) has urged service and...

FG begins loan disbursement to businesses, manufacturers

“The Federal Government of Nigeria is proud to announce the operational launch...

Horrific! Babcock varsity law professor shot fatally, two others abducted in Ogun

The gunmen, who killed the lecturer, also abducted two others at the...

Ogun begins sale of rice at discounted prices to workers

Ogun State Government has commenced sale of rice to its workforce as...

NFF debunks appointing Amunike as Super Eagles coach

The Nigerian Football Federation (NFF) has described as fake news that it...

Kidnapped RCCG pastor rescued, says Oyo Govt.

The Oyo State Government announced the safe rescue of Pastor Olugbenga Olawore...

APC declares Ondo governorship primary inconclusive

In Ondo State, the All Progressives Congress (APC) 2024 Governorship Primary Committee...

In a rebuttal, NUSA tells South African Police Nigerians didn’t attack police, damage properties

Contrary to claims by the South African Police Service (SAPS), the Nigeria...

Ondo gov. primary: Commissioner assaults senior journalist, damages his phone

  …..NUJ calls his action as barbaric and unacceptable The Ondo State...

Ondo APC guber primary: 171,922 delegates elect candidate out of 16 aspirants

No fewer than 171,922 accredited delegates are voting in Saturday’s All Progressives...

Tinubu appoints Emomotimi Agama as SEC DG

Mr. Emomotimi Agama has been appointed the Director-General of the Stock Exchange...

Driver nabbed for slaughtering 80-year-old boss, wife in their Abuja apartment

Pa Adebola Ezekiel, an 80-year-old man, and his wife, Abiodun Ezekiel, have...

NNPC Ltd., First E&P, achieve 20,000 bpd production at OML 85

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture...

Nigerian Sovereign Investment Authority invests $500m in infrastructure

The Nigeria Sovereign Investment Authority (NSIA) says it has invested over $500...

Breaking: N300m laundering charge: FCT High Court discharges, acquits ex-AGF Adoke

After a seven-year trial, Justice Inyang Ekwo of a Federal High Court...

Latest on Yahaya Bello: Police I-G Egbetokun withdraws policemen attached to ex-governor

Following former Kogi Governor Yahaya Bello’s refusal to surrender to security agencies...

NNPC Ltd., partners donate 2,300-seat ultra-modern library to Niger Delta University

In its bid to create a conducive learning environment and create access...

Sports Minister affirms Nigeria’s readiness for Paris 2024 Olympics

The Minister of Sports Development, Senator John Enoh, has restated the ministry’s...

Kidnapping, terrorism: Ogun Gov. Abiodun donates drones, 25 patrol vehicles to police, other security agencies

Police I-G, Egbetokun, in Abeokuta to receive them, says Ogun remains the...