Strong indications emerged wednesday that the Economic and Financial Crimes Commission (EFCC) has commenced a detailed investigation into some financial transactions during the tenure of the immediate past Governor of Rivers State, Mr. Chibuike Amaechi.
Thia investigation which was based on a petition by a Port Harcourt-based group, The Integrity Group, which on July 29, wrote to the EFCC, detailing three instances of alleged corruption, graft and abuse of office under Amaechi’s government.

In the petition, the group alleged that Rivers State electric power projects were sold and the proceeds converted to other uses through payments amounting to N60 billion to three companies all located at Trans Amadi, Port Harcourt.

The petitioners alleged that the transfers, made in US dollars, occurred within a space of one week between December 1 and 8, 2014.
The Integrity Group also alleged that the proposed Karibi Whyte Specialist Hospital in Port Harcourt was a failed contract, which cost the state a whooping N4.63 billion in what the petitioners described as questionable circumstances.

In the third allegation in their petition to the EFCC, the group stated that Amaechi as governor, appointed a firm of tax consultants, which was given a relatively exorbitant fee of 12 per cent of taxes collected on a much lower monthly collection target of N2.5 billion, even as the Rivers State Internal Revenue Service was raking in about N7.5 billion monthly at five per cent administrative cost, as prescribed by law.

The consultants were said to have collected over N1.5 billion in fees within weeks of their being engaged by Amaechi’s government.
Responding to the petition, the EFCC in three separate letters titled, “Investigation Activities”, and dated August 13, 2015, swung into a detailed probe of Amaechi’s dealings as alleged by the petitioners.

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http://monitor9ja.com/2015/08/efcc-begins-probe-of-amaechis-administration/

[size=18pt]Who are they deceiving?[/size]