General Manager, Corporate Services, Petroleum Equalisation Fund (Management) Board, Goddy Nnadi is in hot soup.
Chairman of the Special Presidential Investigation Panel for the Recovery of Public Properties, Okoi Obono-Obla has confirmed that investigations are underway into allegations of money laundering against Goddy Nnadi.
Obono-Obla said; “The investigation became necessary after a non-governmental organisation (NGO) has through a petition, drawn the attention of the panel to the financial misconduct against the PEF GM.”
“The petition was further approved and forwarded to the director operations on June 10, for investigation and report. Some of the allegations against Nnadi include money laundering, corrupt enrichment and acquisition of wealth beyond legitimate earnings.”
“After carrying out a thorough appraisal of documents sighted by the panel, it was discovered that the accused person operated corporate accounts with Galbani and Greatwood Hotels.”
“It was also deduced that the total inflow of money into the suspect’s accounts in various financial institutions amounts to N2.2 billion, 302, 964 dollars, 11, 100 Euro and 2,000 pounds.”
“Most of the inflow came into the suspect’s account from 2011 till date. His BVN is associated with 18 different bank accounts which include Naira, Euro and Pound Sterling.”
“The PEF GM failed to declare these assets and it is against the law for a director in the federal public service not to declare all his assets. This is against the Constitution and the Recovery of Public Property Special Provision Act 2004 under which the panel was set up.”