Former Governor Arrested Over N1.6 bilion Fraud
A former Governor of Edo State, Lucky Igbinedion has been detained by the Economic and Financial Crimes Commission over alleged criminal diversion of public funds to the tune of N1.6 billion.
According to a report seen by News Direct, a source who spoke with Premium Times on the condition of anonymity noted that Igbinedion is being grilled by operatives of the commission at the EFCC’s headquarters in Jabi, Abuja.
It was reported that Igbinedion arrived at the headquarters of the anti-graft agency around 2 p.m. and was still being grilled as of the time of filing this report.
The further report disclosed that a loan which was obtained by the Edo State government was diverted to a company which Igbinedion has an interest in.
Recall that the former Governor of Edo State was prosecuted in 2008 by the EFCC and convicted of embezzling N2.9 billion belonging to the state.
He was sentenced to six months imprisonment after he pleaded guilty to a one-count charge which was pruned from 191 charges.
The judge, Abdu Kafarati, now deceased also ordered the forfeiture of the N500 million, and three properties, including one in Abuja, seized from him.
