News, Politics

Senator Nwaoboshi Faces Arrest

Senator Peter Nwaoboshi is in fresh trouble as he is being investigated of N2.7billion fraud allegation by the Economic and Financial Crimes Commission (EFCC).

Insiders at the EFCC told us that: “Despite following the process, the senator has refused to come to our office for interrogation.”

The lawmaker from Delta State has also been accused of a N1.5billion contract scam. Sources at the EFCC told us that in 2014, the lawmaker, through his company, Bilderberg Enterprises Limited, received a contract of N1.5bn to supply brand new construction equipment to the Delta State Direct Labour Agency.

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But the senator allegedly supplied the state government with used goods and passed them off as new and he allegedly used part of the diverted funds to buy a 12-storey building at 27 Marina Road, Apapa, Lagos for N805million.

Besides, the senator has also been linked to a N1.2bn bank loan scam. Insiders revealed that as a member of the board of Nexim Bank in 2014, Nwaoboshi was granted a loan of N1.2bn under the Local Industrial Growth Scheme. The money was meant for the purchase of equipment and electrical materials but the senator allegedly diverted part of the funds to acquire properties in Lagos.