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ICPC indicts SEC staff over N4.4m contract fraud

THE Independent Corrupt Practices and Other Related Offenses Commission (ICPC) has indicted Securities and Exchange Commission (SEC) staff member Oleghe Nelson for allegedly receiving N4.4 million from contracts awarded by the ‘agency.

A statement released by CIPC spokesperson Azuka Ogugua said the Commission, in an eight-count indictment filed before Judge M A. Madugu of the High Court of the Federal Capital Territory (FCT) sitting in Bwari, Abuja, accused Nelson of abusing power and conferring undue advantage on himself.

“He allegedly had a private interest in the contracts awarded to Del-Fingers Nigeria Limited and Aismozz Ventures by the SEC, thereby committing an offense contrary to sections 12 and 19 of the Corrupt Practices and Other Related Offenses Act of 2000.”

In one of the charges, Oleghe conferred an unfair advantage on himself when he and an Oviosa Lawrence received the sum of N4.4 million out of the contract amount paid by the SEC to Del-Fingers Nigeria Limited for the supply two billboards for the Commission.

The accused pleaded not guilty when all the counts were read to him.

Nelson’s lawyer asked for bail, which ICPC lawyers Peace Arocha and Hamza Sani did not object to.

Judge Madugu, in his decision, granted bail to the accused.

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As part of his bail conditions, Nelson was ordered to provide two sureties who must present their passport photographs, proof of tax clearance for the past three years and the sum of N500,000 each.

The trial judge further ruled that the accused must also present his international passport to the court clerk.

The matter has been adjourned to September 14, 2022 for hearing.


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