Ex-Fed lawmaker petitions EFFC to probe NCDMB investment

A former member of the House of Representatives, Hon. Israel Sunny-Goli, has petitioned the Economic Financial Crimes Commission to probe multi-million-naira investments done by the Nigerian Content Development Monitoring Board .

According to Sunny- Goli, NCDMB total equity of $200million was contributed for the Brass Fertilizer and Petrochemical Limited project which was conceived to establish two trains of 5,000MTPD methanol plants and one train of 500Mscf per day processing plant and associated infrastructure to be sited in Odioma on the Brass Island, Bayelsa State.

He expressed sadness that the current state of the three projects is nothing to write home about as it is now surrounded by uncertainty and a sense of gloom.

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Reps committee probe alleged payment of $35M to company worth N10m by NCDMBThe House of Representative Committee on Local Content, led by Chairman, Boma Goodhead, has launched a probe into the alleged payment of the sum of $35 million, with 40 percent equity, to a company with a registration value of 10 million naira.
Source: DailyPostNGR - 🏆 11. / 59 Read more »