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BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by shaddoww: 10:24am On Aug 24, 2016 |
The Economic and Financial
Crimes Commission has
arrested a brother to
Governor Ben Ayade of Cross
Rivers State over alleged
N2.4billion contract scam.
Sources at the EFCC told
PREMIUM TIMES that Francis
Ayade was arrested on
Tuesday in connection with
the scam.
Mr. Ayade, managing director
of Leophina Nigeria Limited
and Hally Brown
International Limited, was
fingered in alleged shady
deals involving diversion of
public funds into his
companies’ accounts.
“Specifically, four different
allocations from the
Federation Accounts were
alleged to have been diverted
into Hally Brown
International Limited’s
account owned by him,” an
official told PREMIUM TIMES.
Investigations by EFCC
operatives showed that Hally
Brown International Limited
was awarded a road
construction contract to the
tune of N2.4billion in 2011.
To finance the contract, Mr.
Ayade allegedly took a loan of
N350,000,000 (Three
Hundred and Fifty Million
Naira only) from First Bank
Plc, on behalf of Cross Rivers
Rural Access and Mobility
Project.
The loan, was however,
unused for the contract, but
transferred into the Mobility
Project.
Mr. Ayade has also been
implicated in alleged
suspicious transactions
involving Obudu Micro
Finance Bank, among other
allegations. 1 Like |
Re: BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by DannyJ19(m): 10:28am On Aug 24, 2016 |
Now this is good news...... Don't forget the brothers wife nd children too... |
Re: BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by chriskosherbal(m): 10:48am On Aug 24, 2016 |
The fear of EFCC is the beginning of wisdom. 1 Like |
Re: BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by Ellidude(m): 10:53am On Aug 24, 2016 |
Hmmm |
Re: BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by DropShot: 10:56am On Aug 24, 2016 |
Only unpatriotic, corrupt and bigoted citizens will complain about arrest and detention of anyone for crimes, lootings, frauds and diversion of govt funds/properties. 2 Likes 1 Share |
Re: BREAKING: Brother To Governor Ayade, Arrested Over Alleged N2.4billion Fraud by Flyingngel(m): 11:36am On Aug 24, 2016 |
Op source |
(1) (Reply)
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