Categories: News

ICPC Arraigns SMEDAN Ex-Boss For N184m Fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Bature Umar Masari who is a former Director-General of the Small and Medium Scale Enterprise Development Agency of Nigeria (SMEDAN) before an FCT High Court sitting in Apo, Abuja on a 27-count charge bothering on money laundering and embezzlement.

He was arraigned on Monday on allegations of fraudulently awarding constituency project contracts to the tune of N184.5 million without due process, to which he pleaded not guilty.

The ICPC  accused him of receiving the sum of N50 million in November 27, 2014, from one of the contractors and distributed part of the sum to some other persons.

The offence contravenes the provisions of Section 10 of the Corrupt Practices and Other Related Offences Act 2000.

Following his arraignment, he was granted bail in the sum of N50 million with two sureties, who must be in the civil service and at director level.

The case was then adjourned to November 26, 2018 for commencement of trial.

Recent Posts

Hardship: Ogun Commences Payment Of N10,000 To Primary, Secondary School Pupils

The Ogun State Government, on Wednesday, commenced the payment of N10,000 cash award to 100,000…

2 mins ago

Insecurity: Nigerians Need More Police Presence, Withdraw Orderlies Of Lawmakers, Politicians — Ndume Tells IG

Senate Chief Whip, Ali Ndume, has said the present percentage of policemen in the country…

8 mins ago

Confusion As Lagos Baker Found Dead In Apartment With Heart Reportedly Missing

Tina Ileogben, a baker, has been killed and her heart allegedly stolen at her residence…

1 hour ago

Step Aside, Allow Probe Of Budget Padding Claim – PDP To Akpabio

The controversy over the alleged padding of the 2024 appropriation bill has taken another dimension,…

1 hour ago

[SPONSORED] First Anniversary: Dr. L.O. Raheem, Advancing OSCOTECH’s Prosperity

The provost of Osun State College of Health Technology, Ilesa, Dr. L.O. Raheem, is commemorating…

1 hour ago

Aig-Imoukhuede Returns As Access Holdings Non-Executive Chairman

Following the death of its immediate-past Group Chief Executive Officer, Herbert Wigwe, Access Holdings Plc…

11 hours ago

This website uses cookies.