• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
Home News
Edo State Government to Petition EFCC Over Mismanagement of ₦96 Billion Under Obaseki Administration

Edo State Government to Petition EFCC Over Mismanagement of ₦96 Billion Under Obaseki Administration

Benita OrumabyBenita Oruma
2 years ago
in News
Reading Time: 2 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

Edo State Governor, Monday Okpebholo, has received the report of an Administrative Panel of Enquiry investigating the financial dealings of 18 impeached Local Government Chairmen. The panel, established on December 18th, 2024, examined the period from September 4th, 2023, to November 2024. According to a statement released by the Governor’s Chief Press Secretary, Fred Itua, on Sunday, the Governor intends to forward the report’s findings to the Economic and Financial Crimes Commission (EFCC).

Table of Contents

Toggle
  • Key Findings of the Panel
  • Allegations of Systemic Corruption
  • Conclusion

Key Findings of the Panel

The Chairman of the panel, Solomon Imohiosen, presented the report and recommendations to Governor Okpebholo. The findings revealed significant financial irregularities, with approximately ₦96 billion in public funds either mismanaged or diverted to private accounts. The panel’s forensic investigation detailed the following:

Misuse of JAAC Funds: The 18 Local Government Areas received a total of ₦95 billion from the Joint Allocation Account Committee (JAAC) during the period under review. However, the panel found a lack of corresponding projects or infrastructure development to justify the expenditure of these funds.

Edo State Government to Petition EFCC Over Mismanagement of ₦96 Billion Under Obaseki Administration

Fraudulent Diversion of Funds: The report alleges the fraudulent diversion of over ₦10 billion through a pseudo-account named “Security, Environment and Training.” This account allegedly served as a conduit for transferring funds to various individuals and companies. The panel claims that the impeached Local Government Chairmen contributed to this scheme.

Implicated Individuals: Beyond the impeached Local Government Chairmen, the report reportedly implicates former Governor Godwin Obaseki and leaders of a factional Peoples Democratic Party (PDP).

Allegations of Systemic Corruption

The panel’s report paints a picture of systemic corruption within the Local Government system. The alleged diversion of significant funds, the lack of accountability for public spending, and the involvement of prominent figures highlight the severity of the situation.

Conclusion

The submission of this report marks a significant step in addressing allegations of widespread financial impropriety within Edo State’s Local Government system. Governor Okpebholo’s decision to refer the findings to the EFCC demonstrates a commitment to transparency and accountability. The investigation’s outcome will be crucial in determining the extent of the alleged corruption and holding those responsible accountable under the law. The public awaits the EFCC’s investigation and subsequent actions to bring closure to this matter and restore public trust in the governance of Edo State..

Tags: edo stateEfccfederal characterNewsNigeriaObaseki AdministrationPolitics
Share234SendTweet146
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Stories

​Overwhelmed America Food Banks Face Record-High Hunger

​Overwhelmed America Food Banks Face Record-High Hunger

byEriki Joan Ugunushe
0

​A national survey of 48 major food banks across 35 states and Washington, D.C., reveals that overwhelmed America food banks are struggling to serve record numbers of families...

​Americans Buying Less but Spending More This Holiday Season

​Americans Buying Less but Spending More This Holiday Season

byEriki Joan Ugunushe
0

​As the end-of-year shopping period approaches, projections show Americans buying less but spending more on holiday season budgets as persistent inflation and recently implemented import tariffs drive up...

Gen Z Most Worried AI Will Derail Retirement, Survey Finds

Gen Z Most Worried AI Will Derail Retirement, Survey Finds

bySomto Nwanolue
0

Generation Z may be decades away from retirement, but they are already the most worried that artificial intelligence will derail their financial future, according to a new survey....

NY Post Media Group Chief Sean Giancola Resigns

​NY Post Media Group Chief Sean Giancola Resigns

byEriki Joan Ugunushe
0

​The news that NY Post Media Group chief Sean Giancola resigns from his role as publisher and chief executive marks a major leadership transition for the iconic New...

Next Post
Naira Gains as Dollar Fall to ₦1,490 Euro and Pounds Strengthen – Feb 22 Update

Naira Falls as Dollar Hits ₦1,545, Euro and Pounds Strengthen – Feb 16 Update

Leave a Reply Cancel reply

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

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • Zelenskyy Welcomes Energy Ceasefire, Warns Ukraine Will Respond If Russia Refuses
  • Kimberly Guilfoyle Faces Possible Dismissal As US Envoy To Greece
  • Trump Claims Russia-Ukraine Energy Ceasefire Deal Reached

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .