Economic and Financial Crimes Commission, EFCC, has allegedly arrested a brother to Governor Ben Ayade of Cross River State over alleged N2.4 billion contract scam.
A highly placed source at the commission, yesterday, told Nigerian pilot that Francis Ayade was arrested on Tuesday in connection with the scam.
Ayade, Managing Director of Leophina Nigeria Limited and Hally Brown International Limited, was allegedly involved in shady deals relating to diversion of public funds into his companies’ accounts.
“Specifically, four different allocations from the Federation Account were alleged to have been diverted into Hally Brown International Limited’s account owned by him,” an official told Nigerian pilot.
Investigations by EFCC operatives showed that Hally Brown International Limited was awarded a road construction contract to the tune of N2.4 billion in 2011.
To finance the contract, Ayade allegedly took a loan of N350 million from First Bank Plc on behalf of Cross Rivers Rural Access and Mobility Project.
The loan, was however, unused for the contract, but transferred into the Mobility Project.
Embattled Ayade has also been implicated in alleged suspicious transactions involving Obudu Micro Finance Bank among others.
He has been offered administrative bail, but is still in the custody of the EFCC until he fulfills the bail conditions.
It is not clear if Governor Ayade has been linked to the alleged scam, but EFCC ‎sources said investigations are continuing.
Efforts to reach the Spokesman of the anti-graft agency, Mr Wilson Uwujaren, to confirm the report proved abortive, as two of his mobile lines as of the time of filling this report did not connect.
Also, Mr. Christian Ita, Spokesperson to Governor Ayade, could not be reached for comments on the alleged scam.

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  • Benny agafa

    What has the governor got to do with this? Why calling his spokesperson? for what?