BREAKING: Jonathan’s Power Minister, Wakil Sent To Prison Over Alleged N27 Billion Fraud
This action followed the two counts bordering on corruption and abuse of office slammed on Wakil on Monday by the Economic and Financial Crimes Commission before the court.
by SaharaReporters, New York
Mar 08, 2021
A Federal Capital Territory High Court has ordered a former Minister of State for Power, Mohammed Wakil, to remain in prison custody till March 31, 2021 over financial mismanagement involving the Power Holding Company of Nigeria.
Wakil, a former lawmaker, was charged alongside two companies –Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148 million as gratification from Bestworth Insurance.
The Economic and Financial Crimes Commission (EFCC) has arraigned ex-Minister of State for Power, Mohammed Wakil, over Power Holding Company of Nigeria
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Muhammed Wakil, a former Minister of State for power in the country, is to be remanded in prison custody till March 31, 2021, over his alleged involvement in the mismanagement of the N27 billion set aside for the payment of the retirement benefits to staff of the defunct Power Holding Company of Nigeria, PHCN.
The Economic and Financial Crimes Commission (EFCC), on Monday, slammed him with a two-count charge bordering on corruption and abuse of office.
Wakil was brought before Justice S.B. Belgore of the Federal Capital Territory High Court, Apo, Abuja, alongside two companies; Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148 million as gratification from Bestworth Insurance Brokers Limited out of the N27.1 billion approved outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct PHCN.
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