EFCC Arrests Cross RIvers Governor's Brother Over N2.4 Billion Contract Scam
The brother to the Cross Rivers State Governor, Professor Ben Ayade has been captured by agents of the Economic and Financial Crimes Commission. The connection, Dr. Francis Ayade was captured on Tuesday regarding a claimed N2.4billion contract trick.
Ayade, Managing Director of Leophina Nigeria Limited and Hally Brown International Limited, was included in shady arrangements including redirection of open assets into his organizations' records. In particular, four unique distributions from the Nigerian government records were professedly occupied into Hally Brown International Limited's record claimed by him.
Examinations demonstrated that Hally Brown International Limited was honored a street development contract to the tune of N2.4billion in 2011. To fund the agreement, Ayade professedly took a credit of N350,000,000( Three Hundred and Fifty Million Naira just) from First Bank Plc, for Cross Rivers Rural Access and Mobility Project. The advance, was be that as it may, never utilized for the agreement, however moved into the Mobility Project. Ayade has likewise been embroiled in claimed suspicious exchanges including Obudu Micro Finance Bank, among different charges.
He has been offered regulatory safeguard yet at the same time in the authority of the EFCC until he satisfies the safeguard conditions.
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