EFCC Secures Final Forfeiture Of N827.6m From NDDC Contractors

The EFCC identified the two firms forfeiting N800m to the federal government as Flank Power Resources Limited and GMFD Ventures Limited.

Senator Godswill Akpabio is the minister of Niger Delta / Photo credit: sunnewsonline.com
Senator Godswill Akpabio is the minister of Niger Delta / Photo credit: sunnewsonline.com

The Economic and Financial Crimes Commission (EFCC) on Monday announced that it had secured a final forfeiture of N827,679,098.32 from two Niger Delta Development Commission (NDDC) contractors.

Allegations of massive corruption in the NDDC have come to the fore in the past week as lawmakers probe into how mismanagement of funds in the agency.

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The anti-graft agency in a statement via its official twitter handle on Monday, however, disclosed that it had secured forfirture of over N800million from contractors working with the NDDC.

The EFCC identified the two firms forfeiting N800m to the federal government as Flank Power Resources Limited and GMFD Ventures Limited.

READ ALSO: NDDC Probe: Drama As MD Slumps During Questioning

“The Economic and Financial Crimes Commission, EFCC has secured the final forfeiture of N827,679,098.32 (Eight Hundred and Twenty-Seven Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) from Flank Power Resources Limited and GMFD Ventures Limited”, the statement reads.

The anti-graft agency added that “Both firms are linked to contractors with the Niger Delta Development Commission, NDDC”.

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