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EFCC arrests Gov. Ayade's brother over alleged N2.4bn contract scam

Professor Ben Ayade Professor Ben Ayade
Rufina Vignone | 03 Settembre, 2016, 22:46

While some states are putting a stop to street hawking, Gov Ben Ayade-led administration of Cross-River is putting a law in place to legalize the activities of trading in the streets. What weird transactions were in their accounts? Check it out here!

The Economic and Financial Crimes Commission has arrested a brother to Governor Ben Ayade of Cross Rivers State over alleged N2.4billion contract scam.

General fraud definition - it is receiving by authorities obviously illegal material compensation for their official conduct or some payment in connection with their position.

Francis Ayeda, who was arrested on Tuesday, was given an administrative bail but he is yet to meet the bail condition.

According to sources, the suspect is being quizzed over his involvement in the alleged shady deals relating to the diversion of public funds into his companies' accounts. So EFCC workers showed that four distributions from the accounts of the Federation, were allegedly diverted into consideration of Hally Brown International Limited, owned by Ayade's brother, Frank.

Investigations by a team of the commission's operatives assigned to the case revealed that Hally Brown International Limited was awarded a road construction contract of about N2.4bn in 2011.

Premium Times reports that the loan was not utilised for the contract, but transferred into the Mobility Project.

The governor, who disclosed this while briefing newsmen at the Executive Chambers in Calabar, yesterday, said that the state government will be the first to officially license hawking in the country as he awaits the approval of the bill by the state House of Assembly. Christian Ita, the spokesperson to Governor Ayade could not be reached to comment for this story.

While dismissing the insinuations that the factory was privately owned, Ayade stated that there were verifiable documents to prove that there was no fraud involved.

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