THE FRAUDULENT ACTIVITIES OF SEN. NWAOBOSHI…WHY HE WAS DOCKED.
The Economic and Financial Crimes Commission (EFCC), charged Senator Peter Onyelukachukwu Nwaoboshi, the senator representing Delta north senatorial district, to Court, Wednesday, over his fraudulent activities, spanning close to two decades. He was docked in Court on 2 Count charges of fraud and money laundering.
This came after days of interrogations by the anti-graft detectives.
The interrogations centred on petitions on multiple fraudulent allegations leveled against him.
The allegations includes; Unexecuted N4billion contracts and owning 20 accounts in six banks.
Obtaining a N1.2billion loan from Nigerian Export-Import Bank (NEXIM) to buy electrical equipment and diverting the facility to personal use, and that three years after securing the loan for his firm, he has paid back just N150million.
Another allegation against Sen. Nwaoboshi, was that he used one of his firm, Golden Touch Construction Project Limited, to purchase a 12-storey building in Apapa Lagos belonging to Delta State Government at the cost of N805, 000,000.00.
It was also alleged that a response from the Code of Conduct Bureau (CCB) showed that Nwaoboshi did not declare all the companies and bank accounts he owned despite being operational prior to the time he made the declaration.
A brief by the EFCC on Senator Nwaoboshi indicated that he, Nwaoboshi secured the N1.2billion loan, under the Local Industrial Growth Scheme, when he was sitting on the Board of Directors of NEXIM Bank. Although Nwaoboshi excused himself on the day the NEXIM board approved the facility for his company, the anti-graft agency said the deal smacked of internal abuse.
The document reads in part: “The EFCC is probing how the Senator allegedly diverted part of a N1.2billion facility granted to him in 2014 by NEXIM Bank under the Local Industrial Growth Scheme.”
The loan, which was approved for Sen. Nwaoboshi when he was a member of the bank’s board of directors, was meant for the purchase of equipment and electrical materials but Nwaoboshi allegedly diverted part of the funds to acquire properties in Lagos.
Criminal diversion is a serious offence and as a director of the bank, the circumstance of the award of the loan is one that raises fundamental conflict of interest and corporate governance issues.
A petitioner also claimed that the Sen. Nwaoboshi allegedly owned ‘Bilderberg Enterprises Ltd’ which was awarded a contract by the Direct Labour Agency, Delta State, to supply construction equipment in the sum of N1,580,000,000.00. But instead of supplying according to the specifications, Sen. Nwaoboshi was alleged to have supplied obsolete equipment contrary to the Bill of Quantity which specified new ones.
Also Bilderberg Enterprises Limited (previously known as Bilderberg Enterprises Nigeria Ltd) was alleged to have secured contracts from Nine (9) Local Government Areas in Delta State, worth over N2billion when the said company was yet to be registered under the Company and Allied Matters Act.
The same Nwaoboshi’s firm was alleged to have secured another contract to supply N474, 936,000 machinery like; Bulldozers, Pail loaders and Tipper Lorries by the Delta State Waste Management Board.
The EFCC however found out that the equipment supplied were used ones, contrary to contract specifications.
About five firms had been traced to Sen. Nwaoboshi, they include;
Bilderberg Enterprises Ltd,
Suiming Electricals Limited,
Golden Touch Construction Project Limited,
Jupes Global Nigeria, and
District Construction Trumile Service.
On the question of accounts, the Sen. Nwaoboshi’s personal and the companies’ banks accounts were linked to Nwaoboshi’s Bank Verification Number (BVN) 22300559079 which has more than 20 bank accounts domiciled in six different banks. But one Ogom Augustine Nwaoboshi is the sole signatory to the accounts.
One foreign account identified with Sen. Nwaoboshi was also located by the EFCC’s investigators.
Meanwhile, a High Court in Lagos, where Nwaoboshi was docked has ordered him to remain behind bars till Friday, when the ruling on his bail application will be decided.