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EFCC arrests ex-NCDMB boss Wabote

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EFCC arrests ex-NCDMB boss Wabote

The Economic and Financial Crimes Commission (EFCC) yesterday arrested a former Executive Secretary, Nigeria Content Development and Monitoring Board (NCDMB), Timber Kesiye Wabote for alleged $35million Brass Project fraud

His arrest yesterday is in connection with the botched refinery for which $35million was paid.

He was picked up following the arrest of the Managing Director of Atlantic International Refinery and Petrochemical Limited, Mr. Akintoye Adeoye Akindele for alleged misappropriation, money laundering and diversion of $35million public funds.

He is being detained at the EFCC’s holding facility in Abuja

According to investigation by the commission, Akindele, who was the promoter of the Energy Infrastructure Park financed by the NCDMB in Okpoama Community in Brass LGA of Bayelsa state, initially mooted the idea of the project to the Board.

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It was gathered that the NCDMB embraced it with a counterpart funding to the tune of $35million.

 

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