By Kenneth Ebelemi

*Orders Forfeiture Of Ewet Housing Estate Mansion

Nsima Ekere, the managing director of the Niger Delta Development Corporation, NDDC, is currently enmeshed in a financial mess that borders on lack of accountability and character, failure to honour and redeem a debt owed, and financial reckless that calls to question his capacity to play a role in executing President Muhammadu Buhari’s much vaunted war on corruption.

According to a court document exclusively obtained by The Trent, the NDDC boss, who is a former deputy governor of Akwa Ibom State, had defaulted on a credit facility in the amount of N27 million that the defunct Oceanic Bank, now Ecobank Plc, had granted him.

All efforts by the bank to recover the debt yielded no results, as Mr. Ekere had refused to honour his obligations to the financial institution. Ecobank recently posted a huge loss which its auditors attributed to bad loans.

Unable to recover the debt, Asset Management Corporation of Nigeria, AMCON, the receiver company had no other recourse but to take Mr. Ekere to court to recover the money.

The details of this case, as detailed in the court papers, paint the picture of a corrupt man who is deficient in transparency, morality, and probity, which has been the governing mantra of the Buhari-led government. This revelation about one of the president’s top appointees seriously puts to test his on-going war on corruption.

Read more at http://sitippe.com/2017/04/judge-freezes-bank-accounts-nddc-md-nsima-ekere/