N25bn Fraud: EFCC Arrests NDDC’s Account Director

The Economic and Financial Crimes Commission (EFCC), has arrested the Director, Finance and Account of the Niger Delta Development Commission (NDDC), Eno Ubi Otu.

According to reports, Otu is currently being interrogated by operatives of the agency over a N25 billion alleged fraud.

The NDDC top shot was reportedly arrested by detectives of the anti-graft agency at about 11:15am in relation to a case of alleged diversion of over N25 billion tax remittances.

A source at the commission stated that the NDDC official was still with the operatives as at 7:15pm when this report was filed.

According to the official, Otu’s arrest was part of a larger investigation of the forensic audit report of the NDDC.