Top officials of the Niger Delta Power Holding Company (NDPHC) have been arrested by the EFCC for alleged N50billion fraud.
The detained officials are Mr. Marvel Emefiele, head Finance of NDPHC and Mr. Eze Odigbo, head Compensation of the power company.
Their arrest followed PMB’s resolve to probe the $16billion the federal government under the administration of Ex-President Obasanjo, his successor, the late Yar’Adua and ex-President Jonathan spent on some power projects.
Emefiele and Odigbo were alleged to be involved in bogus payment and diversion of about N850million compensation to communities where the components of the power projects were sited.
