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Thursday, 31 March 2016

Massive fraud: EFCC arrests PPMC former boss



Vincent Ehiabhi 
 Mrs Esther Ogbue-Nnamdi.
The EFCC has arrested Mrs Esther Ogbue-Nnamdi for alleged fuel scarcity scam with oil cabals – Mrs Ogbue-Nnamdi was the former managing director of the Petroleum Products Pricing and Marketing Company (PPMC), a subsidiary of the NNPC – The former PPMC boss allegedly built and furnished a house in less than two with the sum of N1.2 billion in Maitama The Economics and Financial Crimes Commission (EFCC) has swooped on the former managing director of the Petroleum Products Pricing and Marketing Company (PPMC), a subsidiary of the NNPC, News Rescue reports.Mrs Esther Ogbue-Nnamdi. The former managing director of the Petroleum Products Pricing and Marketing Company (PPMC), Mrs Esther Ogbue-Nnamdi. The commission on March 30 arrested Mrs Esther Ogbue-Nnamdi for alleged involvement in the ongoing fuel scarcity scam. Ogbue-Nnamdi was alleged to have enriched herself and accumulated breathtaking wealth from sales of IPOs to desperate oil cabal, collection of kick backs through proxies and other underhand dealings attributing to the lingering fuel scarcity across the country. A source within the agency who spoke on condition of anonymity, said the former PPMC boss has been sprawling over the acquisition of choice properties in Abuja, especially a building at Maitama valued at N1.2 billion built and furnished within two months after she resumed office. The source further hinted that the chairman of the commission was said to have collapsed when he saw the massive edifice located at no 4, Amazon street Maitama, saying the former petroleum minister, Diezani Alison-Maduake must be a student in this professor’s school. It was gathered that Ogbue-Nnamdi and her cohorts who are top oil cabal are fighting assiduously to halt the new reform at the NNPC particularly the ones that would unravel enormous fraud without further delay. The former PPMC boss could not be reached for a reaction as the detectives in charge of her case have already switched off her mobile phone. Another source has, however, disclosed that her cohorts and top members of the cabal are making frantic effort to ensue she returns home tomorrow after bail.The Punch reports that Dr. Ibe Kachikwu, the minister of state for petroleum was on March 29 summoned by the Senate committee on petroleum resources (downstream) to explain the cause of the recent fuel scarcity across the country and the efforts being made by his ministry to halt the embarrassing situation. The minister during the briefing lamented the development and apologised to Nigerians, who he admitted were facing difficult situation. He promised that the scarcity would end on or before April 7.
Naij.com

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