EFCC Investigates Dozie Nwankwo For Fraudulently Diverting CBN Covid-19 Grant

The member representing Anaocha, Njikoka and Dunukofia federal constituency, Hon Ferdinand Dozie Nwankwo is currently under investigation and will soon be arraigned by the Economic and Financial Crimes Commission (EFCC) for fraudulently diverting CBN Covid-19 grant.

The investigation was sequel to a petition written by a Human Rights Lawyer, Jude Osuagwu. Barr Osuagwu petitioned the apex bank to ascertain the true number of beneficiaries of the funds allocated to Anaocha, Njikoka and Dunukofia federal constituency in line with section 26 of the Freedom of Information Act. The petition was written after it was identified that Hon Nwankwo unlike his colleagues failed to prove that the names and account details he submitted for the grant were real.

Investigation showed how Hon Nwankwo used fictitious names and account numbers to divert over five hundred and fifty million naira (N550,000,000) from the NIRSAL microfinance bank facilitated grant. This was revealed when majority of the account numbers submitted by the lawmaker failed the BVN verification test.

More revelations equally showed how the lawmaker failed to execute the following projects in spite of release of funds. The projects include, Construction of Principal Quarters Nawgu (N200,000,000), Procurement of 250 Computer Units/Accessories for ICT Centre in Anaocha/Njikoka/Dunukofia Federal Constituency (N250,000,000), and Provision of Empowerment Items to Youths and Women in Anaocha/Njikoka/Dunukofia Federal Constituency. (N150,000,000).

The economic and financial crimes commission (EFCC) is also investigating Hon Nwankwo for gross misappropriation of public funds meant for several other empowerment programme.

Nwankwo was reported to have diverted about N3.3b constituency intervention fund. The amount is different from another sum of N1.1b the lawmaker purportedly spent on youth empowerment which there was no record of.

Nwankwo also reportedly diverted N600,000,000 which was meant to empower Anaocha, Njikoka and Dunukofia women - there is also no record of this empowerment programme.

Sources from the ICPC have confirmed that the ICT centre the lawmaker is building in his hometown, Enugwu-Ukwu was built on a personal land which is not in accordance with the law. Budgetary provisions were made for the centre to be built across Anaocha, Njikoka and Dunukofia LGAs, however that of Anaocha and Dunukofia remain unbuilt. It is expected that both the EFCC and ICPC will file a joint suit against Dozie Nwankwo.

He would soon press Party/igbo button.

Looks like a political smear campaign.

N3.3 billion stolen under PMB stolen and EFCC will wait until campaign season to arrest him? Impossible.

Nigeria: a country where the morally bankrupt and criminally minded folks are paddling the country’s canoe.