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Quick take: EFCC’s gambit against Obasanjo

Obasanjo hunted by EFCC


Quick take: EFCC’s gambit against Obasanjo

The Economic and Financial Crimes Commission on Wednesday announced that it has detained 4 top officials of the Niger Delta Power Holding Company.

Top line quote: The anti-graft commission on Wednesday, said in its statement:

  • “The NPDHC officials are being detained by the EFCC, following their alleged involvement in bogus payment and diversion of about N850million compensation to communities where the components of the power projects were sited.”

Quick take: Three key facts that made this investigation cogent.

  1. The NDPHC is was the company which reportedly supervised the execution of the $16 billion of the National Integrated Power Projects (NIPP) during the administration of Chief Olusegun Obasanjo.
  2. Earlier in the week, the EFCC revealed that the Olusegun Obasanjo Presidential Library received N50 million from Alhaji Atiku Abubakar linked to the alleged money laundering investigation of Atiku’s companies.
  3. Atiku camp already is alleging that the presidency is trying to frame Obasanjo. Per his media office: “Atiku stated that for the avoidance of doubt, his son-in-law,  Mallam Babalele Abdullahi, did not donate any money in cash to the Olusegun Obasanjo Library. He said it is true that Abdullahi facilitated the donation of  N50m to the Olusegun Obasanjo Presidential Library.”

Bottomline: It is clear that the EFCC has so far been prancing about the subject of graft linked to Obasanjo. However, the EFCC’s ultimate game plan would be to effectively discredit former president Obsa, hoping that one to the many allegations will stick.

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