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The Economic and Financial Crimes Commission (EFCC) has opened an investigation into the massive fraud in the Niger Delta Development Commission (NDDC).
The commission in its preliminary investigation confirmed that funds are being diverted from the NDDC account domiciled in the Central Bank of Nigeria (CBN) to commercial banks.
The anti-graft agency, in its move to forestall further diversion of funds, blocked any payments instruction from the accounts of NDDC to accounts of corporate bodies domiciled in commercial banks until further notice.
This was revealed in a letter by EFCC which was sent to Wema Bank office in Lagos, dated June 10, 2019.
The letter, obtained exclusively by Pointblanknews, with reference number CR 3000/EFCC/LS/ISOS/TA.NDDC2/
The letter, signed by the Zonal head of the EFCC, Aminu Ado Aliyu was entitled “Investigation activities: RE: Payment by the Niger Delta Development Commmission – NDDC.”
Pointblanknews had reported how a gang of rogue contractors in cahoots with NDDC top officials, fleeced the agency of N750billion within three months.
According to sources within commission, the 750 billion naira was shared among Prof Nelson Brambaifa Ag. MD/CEO, Mr Chris Amadi Ag. Executive Director Finance and Samuel Ajenekevwe Ajogbe Executive Director Projects NDDC and their Gang of Thieves.
It was learnt that children of the Ag. MD/CEO namely Christopher brambaifa and David Brambaifa who both serve as Special assistants to their father also partook in the fraud.
The stealing was so brazen that the Director of Project, Samuel Ajogbe, reportedly boasted of his intention to pay N10billion bribe to the Presidency to have him confirmed as substantive Managing Director of the NDDC.
But according to the EFCC letter obtained by Pointblanknews, the commission has asked one of the commercial banks suspected to be used for such illicit transaction to henceforth reject payments instructions from NDDC accounts to corporate bodies domiciled in the bank.
The letter read “the commission is investigating a case of fraud, diversion of funds and money laundering in which the above named agency featured.
“Preliminary investigation reveals that funds are being diverted from the above account domiciled in the CBN to commercial banks.
“In view of the above you are requested to henceforth reject any payments instruction from the accounts of Niger Delta Development Commission to accounts of corporate bodies domiciled in your bank until further notice to fore stale further diversion of the funds.
“This request is made pursuant to section 38 & 34 of the Ecpnomic and Finacaika Crimes Commission (Establishment) Act, 2004 and section 21 & 6 of the new Money Laundeeng (Prohibition) Act (as amended) 2011.”