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N47bn Fraud: EFCC Makes Big Catch

Sources close to the Economic and Financial Crimes Commission, EFCC say Operatives of the anti graft agency Wednesday, May 18, 2022 arrested the former Managing Director of the Niger Delta Development Commission (NDDC) Nsima Ekere for alleged diversion of funds to the tune of N47 billion through registered contractors of the agency.

When contacted the Commission’s spokesperson Wilson Uwajaren confirmed the arrest.

The former NDDC boss was the All Progressives Congress (APC) governorship candidate for Akwa Ibom in the 2019 elections.

Nsima, 56, was the agency’s Managing Director between 2016 and 2018.

His arrest is the latest scandal to have been linked to the NDDC after President Muhammadu Buhari ordered a forensic audit of the agency in 2019.

The audit, which is being reviewed, covered the operations of the organisation from 2001 to 2019.

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