Details Emerge On How Former Power Minister Diverted N33bn Loan From China

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A former Minister of Power, Saleh Mamman has been arraigned by the Economic and Financial Crimes Commission, EFCC, for an alleged N33.8billion fraud.Recall that Mamman was arraigned on Thursday, July 11, 2024, on 12-count charges bordering on conspiracy to commit money laundering to the tune of N33,804,830,503.73 .

Kweido said there was an intelligence assigned to his team, alleging that funds meant for the power plant were diverted through conspiracy by top officials in power. The funds, he said, were a loan granted to Nigeria by China's Exim bank and the period of the investigation was from 2019 to 2023. 'De-Crown Projects Ltd was used as a project consultant, and Sino Hydro Groups was the engineering procurement contractor. Our investigation revealed that a huge amount of money from the project account of Mambila was sent to different entities that were not authorized on the project. We then wrote letters of investigation activities to the Central Bank of Nigeria and the Office of the Accountant General of the Federation for Mambila and Zungeru Hydroelectric Power Plant Projects.

'We also requested the bank record of the accounts from Corporate Affairs and other Commercial banks, which revealed that the persons behind the operation of these entities were mainly Maina Goje, Abdullahi Suleiman, and Abdulahi Garba. We invited them to account for the funds they received from the Mambila project account. They reported to our office, where they informed us that they have never applied for any contract with the Federal Ministry of Power or the Federal Government.

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