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The Economic and Financial Crimes Commission has arrested a brother to the Governor Ben Ayade of Cross Rivers State over alleged N2.4billion contract scam.
EFCC Sources disclosed to PremiumTimes that Francis Ayade was arrested yesterday in connection with the sacm.
Mr. Ayade, Managing Director of Leophina Nigeria Limited and Hally Brown International Limited, was fingered in shady deals involving alleged diversion of public funds into his companies’ accounts.
Specifically, four different allocations from the Federation Accounts were alleged to have been diverted into Hally Brown International Limited’s account owned by him.
He has been offered administrative bail but still in the custody of the EFCC until he fulfills the bail conditions.
EFCC Sources disclosed to PremiumTimes that Francis Ayade was arrested yesterday in connection with the sacm.
Mr. Ayade, Managing Director of Leophina Nigeria Limited and Hally Brown International Limited, was fingered in shady deals involving alleged diversion of public funds into his companies’ accounts.
Specifically, four different allocations from the Federation Accounts were alleged to have been diverted into Hally Brown International Limited’s account owned by him.
He has been offered administrative bail but still in the custody of the EFCC until he fulfills the bail conditions.