December 7, 2023

The Economic and Financial Crimes Commission has arrested and detained Mrs Yewande Sadiku, the Executive Secretary of the Nigerian Investment Promotion Council, for alleged colossal fraud.

The technocrat, who arrived at the anti-graft agency’s headquarters around 11 a.m. on Monday, August 9, 2021, is being questioned by a team of Commission operatives about a variety of corruption issues.

A source familiar with the investigation disclosed that the NIPC boss is being questioned for abuse of office, bordering largely on contract fraud running into several millions of Naira and a number of frivolous allowances.

As of the time of filling this report, she has spent over nine hours with her interrogators.

“She is cooperating and has volunteered statement but there is still a lot of grounds to be covered,” the source said.

When contacted, EFCC spokesman, Wilson Uwujaren confirmed her presence in the Commission but declined further comment.

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