The Economic and Financial Crimes Commission (EFCC) detectives Monday quizzed Senator Peter Onyeluka Nwaoboshi over alleged unexecuted N4billion contracts and 20 accounts in six banks.
The senator, who represents Delta North Senatorial District, is also under investigation for allegedly obtaining a N1.2billion loan from Nigerian Export-Import Bank (NEXIM) to buy electrical equipment and diverting the facility to personal use.
Three years after securing the loan for his firm, he has paid back just N150 million.
Another issue against the Senator was the alleged use of a firm, Golden Touch Construction Project Limited, to purchase a 12-storey building in Apapa Lagos belonging to Delta State Government at the cost of N805, 000,000.00.
It was learnt that a response from the Code of Conduct Bureau (CCB) showed that the Senator “did not declare all the companies and banks account he has interest in despite being operational prior to the time he made the declaration.”
The EFCC closed in on the Senator following a petition from Delta State.
A top source in EFCC said: “The Senator is in our custody to respond to allegations against him. So far, he has been with a team of detectives handling the multiple cases concerning him before this commission.
“It is too early to say whether the EFCC will detain him. He has many questions to answer.”
A brief by the EFCC on the Senator indicated that Nwaoboshi secured theN1.2billion loan, under the Local Industrial Growth Scheme, when he was sitting on the Board of Directors of NEXIM Bank.
Although Nwaoboshi excused himself on the day the NEXIM board approved the facility for his company, the anti-graft agency said the deal smacked of internal abuse.”
The document reads in part: “The EFCC is probing how the Senator allegedly diverted part of a N1.2billion facility granted to him in 2014 by NEXIM Bank under the Local Industrial Growth Scheme.
“The loan, which was approved for the senator when he was a member of the bank’s board of directors, was meant for the purchase of equipment and electrical materials but the senator allegedly diverted part of the funds to acquire properties in Lagos.
“Criminal diversion is a serious offence and NEXIM may have to report him to the Central Bank of Nigeria. As a director of the bank, the circumstance of the award of the loan is one that raises fundamental conflict of interest and corporate governance issues.”
A petitioner also claimed that the Senator allegedly owned ‘Bilderberg Enterprises Ltd’ which was awarded a contract by the Direct Labour Agency, Delta State to supply construction equipment in the sum of N1,580,000,000.00.
But instead of supplying according to the specifications, the Senator was alleged to have supplied used equipment contrary to the Bill of Quantity which specified new ones.
Also Bilderberg Enterprises Limited (previously known as Bilderberg Enterprises Nigeria Ltd) was alleged to have secured contracts from nine Local Government Areas in Delta worth over N2billion when the said company was yet to be registered under the Company and Allied Matters Act.
The same Senator’s firm was alleged to have secured another contract to supply N474, 936,000 machinery like Bulldozers, Pail loaders and Tipper Lorries by the Delta State Waste Management Board.
The EFCC however found out that the equipment were used items contrary to contract specifications.
About five firms had been traced to the Senator including Bilderberg Enterprises Ltd, Suiming Electricals Limited, Golden Touch Construction Project Limited, Jupes Global Nigeria, and District Construction Trumile Service.
On the question of accounts, the Senator’s personal and companies’ banks accounts were linked to the Bank Verification Number (BVN) 22300559079 which has more than 20 bank accounts domiciled in six different banks.
But one Ogom Augustine Nwaoboshi is the sole signatory to the accounts.
A one foreign account identified with the Senator was also located by the EFCC’s investigation team
The account is designated as No 4004241 with HSBC Bank in Marbile Arch London, United Kingdom.