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Alledged N15bTranscorp Fraud: Okereke-Onyiuke Quizzed By EFCC

By Alexandra Mede, Joe Nwankwo (Abuja) and Victor Ebimomi (Lagos) Daily Independent    Wed May 27,2009

Transcorp Chairman, Ndidi Okereke-Onyiuke, was on Tuesday quizzed by the Economic and Financial Crimes Commission (EFCC) on allegation of misappropriation of the company's N15 billion.

The interrogation, it was learnt, is in connection with another phase of the probe in which the EFCC has arraigned three Transcorp managers.

"Her name came up severally in the course of our investigation and we felt it was necessary to invite her to answer some questions," a source disclosed.

Okereke-Onyiuke was at EFCC headquarters for several hours on Tuesday, but it was not clear if she was remanded in custody.

Transcorp Managing Director, Thomas Iseghohi; Deputy General Manager, Mike Okoli; and Company Secretary, Mohammed Buba, may be arraigned today on 32 counts at the Federal High Court in Abuja.

The N15 billion was allegedly misappropriated through contracts, payment of legal fees, consultancy fees, and professional fees.

The three men are accused of breaching due process by awarding contracts to themselves and their associates.

They have, however, asked an Abuja High Court to declare their detention "unconstitutional, unlawful, illegal and a violation of the applicants' fundamental right under section 35 and 41 of the Constitution."

Hearing in the case is fixed for June 3.

On Tuesday, EFCC Chairman, Farida Waziri, lamented that the Commission would have recorded several convictions of suspected criminals but for the grace they (suspects) get from the courts.

She bared her mind when she visited the corporate headquarters of Independent Newspapers Limited (INL) in Ogba, Lagos.

"The problem with EFCC is the judiciary," she stressed.

"The cases we take to court are there; the trial proper has not taken place. Our function ends at the Bench. The rest is left for the judiciary. What we do after is to monitor the judgment, ensure that witnesses attend court and exhibits are presented."

Waziri said suspects also hire lawyers who prolong cases.

"We oppose bail, they will still get the bail," she added, noting that "the EFCC is not well funded at all, that is why we can't pay SANs (Senior Advocates of Nigeria) to represent us."

She disclosed that she has made a case to the Nigeria Bar Association (NBA) against lawyers who engage in delay tactics, because the way cases are handled could send a bad signal to the international community that there is lack of will to prosecute corrupt people.

She lamented the propensity of some Nigerians to corruption and suggested "perhaps they should do psychiatric tests" for them as they are pregnant with corruption, stealing everything meant for investment.

Waziri advised Nigerians not to leave the battle against corruption for the EFCC alone but rather should see it as a collective one to be waged by all those who want to see the country grow.

On plea bargaining that allows an accused get his freedom in exchange of forfeiture of part of his loot, Farida said: "To the best of my knowledge it is not a good law, many people convinced me that half bread is better than none. It is a law that is recognised internationally."

What about the loot recovered from former Police Inspector General, Tafa Balogun?

Waziri said the EFCC cannot speak authoritatively on it for now because there is no proper record of his property and how they were disposed of, a situation that is not limited Balogun's case.

 

 


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