Tag: Contract fraud
-
Nigeria lost ₦2.9 trn to contract fraud in three years -EFCC Chairman
The recently appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that an estimated ₦2.9 trillion, allocated for various government projects, was embezzled by contractors between 2018 and 2020. This revelation came to light during his Senate screening process on Wednesday. He was subsequently confirmed as the new EFCC Chairman.…
-
Group says allegation of contract fraud against REA MD false
A group, Concerned Citizens of Nigeria (CCN), has debunked the allegation of contract fraud against the Managing Director of the Rural Electricity Agency, Mr Ahmad Ahmad. Ahmad was accused by an online media of bidding and winning a N200 million contract from the agency f