N676Million Fund Misuse Revealed By EFCC

The EFCC made a startling revelation of fund misuse and mismanagement in the eleven charges preferred against Moro and four others accused at the Federal High Court in Abuja.

 The others are a former Permanent Secretary, Anastasia Daniel-Nwobia, F. O. Alayebami , Mahmood Ahmadu and Drexel Tech Nigeria Ltd.

Where is the N676.6 million collected in 2014 from Immigration Service job seekers?

The Economic and Financial Crimes Commission (EFCC) believes the cash was splashed on choice property. Former Interior Minister Abba Moro and four others are to stand trial for allegedly collecting fraudulently N676.6million from 676,675 job seekers.

The EFCC said N202,500,000 was spent on buying No. 1, Lahn Crescent, Maitama, Abuja and N120, 100,000 was lavished on the upgrade of No.2, Sigure Close, Off Monrovia Street, Wuse II Abuja.

The commission said the recruitment firm, Drexel Tech Nigeria Limited and Mahmood Ahmadu converted N101, 200,000 to US dollars for personal use.

Nineteen applicants died and scores got injured in stampede in Abuja, Port Harcourt, Minna in March 2014 during the ill-fated recruitment.

The charges Against them…….

• Conspiracy to induce 676,675 applicants to deliver N676,675,000 under false pretence
• Collection of N676,675,000 under false pretence purportedly for online recruitment e-payment
• Award of contract to Drexel Tech Nig. Ltd without advertisement of the contract
• Award of contract without Needs Assessment and Procurement plan
• Award of contract through selective tendering process without approval by the Bureau for Public Procurement (BPP)
• Obtaining N676,675,000 to buy a property, No 1 Lahn Crescent Maitama, Abuja
• Converting N120,100,000 to upgrade No 2, Sigure Close, off Monrovia Street, Wuse II, Abuja