Connect with us

Featured

UPDATED: Why former Minister Chris Ngige is in ICPC custody

Published

on

Dr Chris Ngige, a former Minister of Labour under the administration of President Muhammadu Buhari is currently in the custody of the Independent Corrupt Practices and other related Offences Commission (ICPC).

Diaspora Digital Media understands his plight is in connection with the ongoing investigation into the Nigeria Social Insurance Trust Fund (NSITF) under the immediate past administration.

Sources said that Mr Ngige spent the night in ICPC custody after presenting himself for interrogation on Wednesday night amidst allegations of misappropriating N48 billion during his tenure as minister.

He has since not been allowed to return home.

Background:

In 2020, a high-profile corruption scandal rocked the Nigeria Social Insurance Trust Fund (NSITF), a government agency responsible for providing social security and insurance benefits to Nigerian citizens.

The scandal involved the misappropriation of funds totaling N62 billion (approximately $150 million USD) meant for social security and insurance programs.

At the center of the scandal was Dr. Ngozi Olejeme, the former chairman of the NSITF board, who was accused of misappropriating funds and diverting them for personal gain.

Olejeme allegedly used her position to award contracts to companies without following due process and diverted funds meant for social security programs to personal accounts.

Other officials, including Umar Munir Abubakar, Adebayo Somefun, and Jasper Azuatalam, were also accused of fraud and mismanagement.

The methods used to divert funds were varied and sophisticated. Officials used fake invoices and receipts to justify payments and received bribes from contractors and consultants.

In some cases, funds were diverted to personal accounts or used to finance private businesses.

See also  Minister of works David Umahi's son Osborn, opens a luxurious 5 star hotel

The scandal highlighted the lack of transparency and accountability in public institutions and the ease with which corrupt officials could exploit weaknesses in the system.

The Economic and Financial Crimes Commission (EFCC) investigated the matter and charged the individuals involved with fraud, money laundering, and corruption.

The scandal led to the suspension of the NSITF management board and calls for greater transparency and accountability in public institutions.

The government was forced to take action to prevent future occurrences, including the implementation of stricter controls and oversight mechanisms.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Updates

Nigerian club Kano Pillars signs new players from Sweden, Bahrain, others

Ngige, former Nigerian Minister, released by ICPC after fraud interrogation

Naira exchange rate for Saturday, September 07, 2024, in Nigeria

Africa’s highest paid footballers: A look at the Top 10 earners

Mark Zuckerberg becomes 2024’s top wealth gainer with $56bn increase

Akinkunmi, Nigerian flag designer, given low-key burial after family’s futile one year wait for State Funeral

Jurgen Klopp returns to Borussia Dortmund

US Presidential Poll: Harris, Trump set for historic debate, Tuesday

Paralympic Games 2024: Onyinyechi wins Nigeria’s first gold medal

NIN compulsory for purchase of ₦40,000 rice bags

Subscribe to DDM Newsletter for Latest News