The Economic and Financial Crimes Commission (EFCC) has arraigned ex-Minister of State for Power, Mohammed Wakil, over Power Holding Company of Nigeria
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Muhammed Wakil, a former Minister of State for power in the country, is to be remanded in prison custody till March 31, 2021, over his alleged involvement in the mismanagement of the N27 billion set aside for the payment of the retirement benefits to staff of the defunct Power Holding Company of Nigeria, PHCN.
The Economic and Financial Crimes Commission (EFCC), on Monday, slammed him with a two-count charge bordering on corruption and abuse of office.
Wakil was brought before Justice S.B. Belgore of the Federal Capital Territory High Court, Apo, Abuja, alongside two companies; Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148 million as gratification from Bestworth Insurance Brokers Limited out of the N27.1 billion approved outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct PHCN.
An Abuja High Court has remanded a former Minister of State for Power, Mohammed Wakil, in the custody of the Economic and Financial Crimes Commission (EFCC) over allegations of corruption.
Wakil, who was arrested by the EFCC at his Abuja residence on Sunday, was arraigned on Monday before Justice Suleiman Belgore on two counts bordering on corruption and abuse of office.
He was arraigned alongside two companies, Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited.
According to the anti-graft agency, the former minister allegedly received N118 million as gratification from Bestworth Insurance Brokers Limited, out of the N27,188,232,208 approved outstanding insurance premiums and claims of deceased and incapacitated staff of the Power Holding Company of Nigeria (PHCN).
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