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N25bn fraud: Arrested NDDC Director, Eno Otu spends second day in EFCC cell

The Director of Finance and Accounts of the Niger Delta Development Commission (NDDC), Mr Eno Otu, who was arrested by the Economic and Financial Crimes Commission (EFCC) yesterday, is facing day 2 of his grilling over his involvement in a N25 billion fraud in the NDDC.

TheNewsGuru.com (TNG) reports Mr Otu was specifically arrested by the EFCC in relation to a case of alleged diversion of over N25 billion in tax remittances.

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It was gathered that Otu’s arrest was part of a larger investigation of the forensic audit of the NDDC, which President Muhammadu Buhari had instituted for the cleaning of the Commission.

Last month, President Buhari said his administration had started the implementation of the NDDC forensic audit report which was submitted to him in September 2021.

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Details to follow…

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