How Ex-Abia Governor, Theodore Orji Withdrew N500m Each Month For Eight Years From State Funds

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The fee stated the previous governor began the month-to-month withdrawal when he was Chief of Workers to convicted former governor of the state, Orji Uzor Kalu.

The Financial and Monetary Crimes Fee has revealed how Theodore Orji, a former governor of Abia State, withdrew N500m from the state’s account for eight years.

The fee stated the previous governor began the month-to-month withdrawal when he was Chief of Workers to convicted former governor of the state, Orji Uzor Kalu

EFCC has been trying into varied monetary malfeasance of Orji following a petition by an anti-graft group, Battle Corruption: Save Nigeria Group.

It was alleged that the varied withdrawals had been diverted to non-public use.

The quantity, the investigation revealed, was other than the safety funds expended on the Nigerian Police, Nigerian Military, Division of State Providers, Navy and so on, buy of safety gear and automobiles for companies.

The investigation, in line with sources, was prolonged to his relations to establish their hyperlink and culpability.

Theodore Orji’s first son, Chinendum, who’s at present Speaker of the Abia State Home of Meeting and his brother are actually frequent company on the EFCC headquarters the place they’re explaining what they know in regards to the fraudulent withdrawals.

The company has traced 100 slush accounts to Chinedum.

Over 145 accounts used to coordinate the switch of N150bn have been linked to Orji’s household.

A few of the funds illegally transferred by the household alleged within the petition embrace: N383bn income from federal accounts; N55bn Extra Crude Income; N2.3bn Certain-P; N1.8bn Ecological funds; N10.5bn mortgage from First Financial institution of Nigeria by means of the Ministry of Chieftaincy and Native Authorities Affairs.

Others are N12bn Paris Membership refund; N2bn Agricultural mortgage for farmers and N55bn ASOPADEC funds.

“Fotoworld Trade Restricted, with GTB account quantity 2022025805 was traced to Chinedum. The corporate obtained deposit of $20, 849, 044.21

“Similar firm with one other account quantity 2022025764 in First Financial institution of Nigeria obtained a cumulative deposit of N362, 573, 056.50.

“Fotoworld has a number of different accounts with FBN. The accounts and deposits are: 2026144229, $84, 000 money deposit between 2014 and 2015; between 2012 and 2015, account quantity 2022025764 housed N342, 573, 056.50; Account quantity 2022025939between November 2012 and July 2015 obtained a deposit of £1, 689, 320.89.

“The GTB account 0039060117 of the identical firm housed N88, 300, 000 between February 2009 and July 2014.

“Actual Building Restricted, traced to Chinedum, is believed to don’t have any document of any development work within the nation; additionally obtained humongous deposits in Keystone Financial institution the place account was opened.

“Between October 2008 and February 2015, the corporate account quantity 005374800 had deposits of N1, 188, 924, 190.41,” the petition added.

Appearing spokesperson for the EFCC, Tony Orilade, additionally confirmed that the anti-graft company was conducting an investigation on monetary crimes involving Theodore Orji.

Chukwuma Amaechihttp://evergreennewsonline.com
A Certified Senior Editor/Creative Writer @Evergreennewsonline Media, Graphic Designer, Chemical Engineer, & a Radical Entrepreneur

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