EFCC arrests NDDC Finance Director, Eno Otu over ‘N25bn fraud’

Eno Otu, director of finance and account, Niger Delta Development Commission (NDDC), is being grilled by the Economic and Financial Crimes Commission (EFCC).

Otu is being questioned over the alleged diversion of N25 billion in tax remittances.

Sources told this newspaper that the NDDC account director arrived at the EFCC facility on Wednesday, and he is still being held for interrogation.

The arrest, we gathered, was part of a larger investigation of the forensic audit report of the NDDC.

Wilson Uwujaren, EFCC’s spokesperson, did not immediately respond to a message seeking comment on the arrest.

In 2019, President Muhammadu Buhari ordered a forensic audit of the NDDC’s operations from 2001 to 2019.

Sources with direct knowledge of the case disclosed that Mr Ekere, who served as the managing director and chief executive officer of the NDDC between 2017 and 2018, is being investigated over allegations of contract inflation and award of fictitious contracts during his time in office.

Mr Ekere, who allegedly committed the offences starting from 2017, according to sources, allegedly laundered funds from NDDC accounts through contractors to buy choice properties in Lagos.

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