Just before the Niger Delta power holding company (NDPHC) was offered for sale by the federal government following the shoddy manner the management had handled the Independent Power Projects, across the country, early June 2013, a glimpse into its financial records reveals massive siphon of the company and its financial resources.
In fact, findings have emerged that against the expectations of Nigerians that the power situation in the country may improve soon, the Niger Delta power Holding company management may throw the entire country into a multi- billion mega watts of darkness.
Coming on the heel of the recent N800, 000,000 (Eight Hundred Million naira) frauds involving the top management staff of the company in collaborations with the consultant in the compensations paid to the Mmahu-Egbema community of Ohaji/Egbema Local Government in Imo state.

Investigations revealed that almost all the cheques issued to the victims were not honoured by Zenith Bank.
Allegations have emerged that NDPHC officials had used it as a conduit pipe to siphoned billions of Naira.
It was gathered that NDPHC is using non existence Consultants and Companies to defraud the NIPP of billions of Naira.
http://yanribo..com/2014/08/n14billion-fraud-rocks-james-olotu-led.html