21 December 2007
Posted to the web 21 December 2007
Ofem Uket
Economic and Financial Crimes Commission (EFCC) has commenced investigations of former president Olusegun Obasanjo's daughter, Iyabo, over alleged N3.5 billion contract scam involving an Austrian firm, M. Schneider GMBH.
A top official of the anti-graft commission told LEADERSHIP yesterday that the petition against Senator Iyabo Obasanjo-Bello was received at the commission in August this year, adding that investigations into the alleged fraud has commenced in earnest.
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It was also gathered that the commission would soon issue a formal statement on the issue.
But the source that spoke to LEADERSHIP said, "The EFCC had written the Austrian industrialist M. Schneider GMBH and Co, to provide useful information and further details on the transactions between the Austrian firm and Senator Iyabo Obasanjo-Bello in the power project contract.
"Investigations into the allegations of fraud are not conducted in a hurry because of the stages involved, and the commission has to work to protect its image. that means the job must be thorough, without mistakes." Full Story
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