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EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud - Politics - Nairaland

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EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by InfoGuru118(op): 9:16pm On Nov 13, 2024
The Economic and Financial Crimes Commission (EFCC) has detained Timber Kesiye Wabote, the former Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), over allegations of misappropriating $35 million in public funds, News360 Nigeria reports.

The funds were tied to the abandoned Brass Project in Bayelsa State.

Wabote’s arrest follows the earlier apprehension of Akintoye Adeoye Akindele, Managing Director of Atlantic International Refinery and Petrochemical Limited. Akindele faces charges including money laundering, fund misappropriation, and diversion of resources related to the same project.

The investigation centers on the failed initiative aimed at establishing an Energy Infrastructure Park in Okpoama Community, Brass Local Government Area. The proposed development was to feature a refinery, jetty, gas plant, power facility, data center, and a tank farm with a 2,000-barrel-per-day processing capacity.

Reports indicate that NCDMB, under Wabote’s leadership, committed $35 million in counterpart funding to the project. However, minimal progress was made, and the project was abandoned by December 2020, raising questions about the fund’s usage. Akindele was reportedly entrusted with overseeing the construction of the facilities but is accused of misappropriating the substantial sum.

Preliminary EFCC findings reveal that Wabote, who served as NCDMB’s Executive Secretary from 2016 to 2023, may have been involved in multiple investment mismanagements, including projects like the Brass Free Trade Zone. His current arrest specifically pertains to the mismanagement of the refinery project funds.

The EFCC is holding Wabote at its Abuja headquarters as the investigation broadens, with more individuals potentially implicated.

EFCC spokesperson Dele Oyewale confirmed the arrest but refrained from disclosing further details.
https://news360ng.com/efcc-grills-ex-ncdmb-boss-wabote-over-alleged-35m-fraud/

Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Jovi10: 10:05pm On Nov 13, 2024
Audio grilling. Same efcc that suddenly became powerless when it was time to arrest yahaya Bello. Nonsense
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by free2ryhme: 10:06pm On Nov 13, 2024
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by free2ryhme: 10:06pm On Nov 13, 2024
InfoGuru118:
https://news360ng.com/efcc-grills-ex-ncdmb-boss-wabote-over-alleged-35m-fraud/
The corruption bedeviling this country is at an unimaginable level
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by ugo2chukwu: 10:07pm On Nov 13, 2024
All na wash
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by free2ryhme: 10:07pm On Nov 13, 2024
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Melagros(m): 10:07pm On Nov 13, 2024
COMRADES are speechless! $ 35? Guys if God help you with one appointment to head one government agency for this we country, you don make am be that for life
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by free2ryhme: 10:07pm On Nov 13, 2024
InfoGuru118:
https://news360ng.com/efcc-grills-ex-ncdmb-boss-wabote-over-alleged-35m-fraud/
everyday corruption from one part of govt agency to another
when will these end
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by free2ryhme: 10:08pm On Nov 13, 2024
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by valuedammy(m): 10:09pm On Nov 13, 2024
This Nigeria Govt are generating Crazy Money but they are crazily embezzling and stealing same money...I pity we the innocent Nigerians.

Why can't God just assist us in killing all these extremely corrupt People in Govt especially those at the helm of affairs who has the Power to make things better but has refused to do so?
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Ringstonermasks: 10:09pm On Nov 13, 2024
Oga

Na only these small fishes efcc get power reach. Dem nor born dem well to arrest Bello or Ganduje or Wike
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Chegesnd: 10:09pm On Nov 13, 2024
Grilling kó Roasting ni!
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Negroid001(m): 10:10pm On Nov 13, 2024
Smh
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by ENEJI16: 10:10pm On Nov 13, 2024
Why is yeye bellow yet to be arrested... there is no difference between this yoruba f*ol that call himself EFCC chairman and the idiot of Inec. The drug lord in aso rock planted them there for a purpose.
Well, you can press them but you can't silence them. I stand with biafra as a true cross riverian
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Energist: 10:22pm On Nov 13, 2024
It's Simbi Wabote not Timber
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by OkoYM(m): 10:27pm On Nov 13, 2024
Jovi10:
Audio grilling. Same efcc that suddenly became powerless when it was time to arrest yahaya Bello. Nonsense
U don't expect EFCC to be effective under a president like Tinubu, unlike he want to use EFCC to settle political scores.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by zikrolly: 10:28pm On Nov 13, 2024
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by b3llo(m): 10:29pm On Nov 13, 2024
Nothing will come out of it
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by MANNABBQGRILLS: 10:32pm On Nov 13, 2024
He will be grilled till he is done for.

All looters in Nigeria 🇳🇬 will never end well.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Mathewrichard99: 10:33pm On Nov 13, 2024
Most Nigerian are thieves. Appoint them to a post in government and even private companies and they would certainly steal and even converted the company assets to their own personal uses.

The Nigerians waiting to steal and loots the country dry are more than those stealing presently.....
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by Drella: 10:37pm On Nov 13, 2024
No wonder the country is not moving forward. Too much siphoning of the nation's wealth.
Imagine borrowing money only to embezzle it and divert it from productive use .
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by omooba969(m): 10:41pm On Nov 13, 2024
Why are they grilling him?

Yeye people everywhere!
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by donforeign: 10:47pm On Nov 13, 2024
Beer parlor grill...clowns
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by opeldavid: 11:03pm On Nov 13, 2024
Only. Noise.
Just noise.

It will soon fizzle out like others.
Unserious EFCC.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by VikingKing: 11:19pm On Nov 13, 2024
opeldavid:
Only. Noise.
Just noise.

It will soon fizzle out like others.
Unserious EFCC.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by VikingKing: 11:19pm On Nov 13, 2024
opeldavid:
Only. Noise.
Just noise.

It will soon fizzle out like others.
Unserious EFCC.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by VikingKing: 11:19pm On Nov 13, 2024
opeldavid:
Only. Noise.
Just noise.

It will soon fizzle out like others.
Unserious EFCC.
Re: EFCC Grills Ex-NCDMB Boss Timber Wabote Over Alleged $35 Million Fraud by 3seriez(m): 11:21pm On Nov 13, 2024
Na wa oh.. Unless we start practicing the Chinese method of eradicating corruption in public institutions , we will be dealing with this cancer till thy Kingdom come.
1 2 Reply

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