{"id":88543,"date":"2021-11-14T09:40:27","date_gmt":"2021-11-14T08:40:27","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=88543"},"modified":"2021-11-14T09:40:27","modified_gmt":"2021-11-14T08:40:27","slug":"alleged-n1-6bn-fraud-ex-edo-gov-igbinedion-spends-third-night-in-efcc-cell","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/alleged-n1-6bn-fraud-ex-edo-gov-igbinedion-spends-third-night-in-efcc-cell\/","title":{"rendered":"Alleged N1.6bn fraud: Ex-Edo gov Igbinedion spends third night in EFCC cell"},"content":{"rendered":"<div id=\"m#msg-f:1716390669035567263\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">A former governor of Edo State, Chief Lucky Igbinedion, has spent three nights in the cell of the Economic and Financial Crimes Commission over an alleged theft of N1.6bn belonging to Edo State.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\">\nPointblanknews.com gathered that Igbinedion, who was taken into custody on Thursday afternoon, was still being quizzed on alleged criminal diversion of the money belonging to the state while he was governor between 1999 and 2007.<\/p>\n<p>A reliable source confirmed to our correspondent on Saturday that the ex-governor was still answering questions on how the N1.6bn loan was misappropriated and allegedly used in settling debts incurred by his private firm.<\/p>\n<p>A Federal High Court sitting in Enugu had in 2008 convicted Igbinedion for money laundering and ordered him to return N500m and three houses to the Federal Government as part of his plea bargain.<\/p>\n<p>The court sentenced him to six months\u2019 imprisonment with the option of a N3.5 million fine.<\/p>\n<p>Our correspondent learnt that Igbinedion might face another round of criminal prosecution following the avalanche of evidence said to have been gathered by the EFCC in the case.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A former governor of Edo State, Chief Lucky Igbinedion, has spent three nights in the cell of the Economic and Financial Crimes Commission over an alleged theft of N1.6bn belonging&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":88544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-88543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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