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The Economic and Financial Crimes Commission (EFCC) has arrested the Director of Finance and Account of the Niger Delta Development Commission (NDDC), Mr. Eno Ubi Otu, for alleged N25 billion fraud, TheCable reports.

Sources told the newspaper that the NDDC official was brought to the EFCC’s office in Abuja on Wednesday for questioning on his alleged involvement in the diversion of tax remittances in the commission.

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Otu’s arrest, according to the sources, was part of the commission’s ongoing investigation of NDDC’s officials for alleged corruption in the interventionist agency.

President Muhammadu Buhari had in 2019 ordered the forensic audit of the NDDC since its establishment in 2001.

The auditors picked by the Federal Government to undertake the exercise had since submitted their report.

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The president in June last year vowed to recover every kobo stolen from the NDDC before the end of his tenure in 2023.

(Ripples)

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