Alleged Contract Fraud: ICPC To Arraign Masari

By: Hamilton Nwosa
Cat:
Headline

Related stories

Headline

Tinubu, Obi, Fayemi Share Lighthearted Moment at Pope Leo XIV’s Inauguration in Rome

By Abiola Olawale In a rare display of camaraderie, President...
Opinion

A Vatican Story, By Temitope Ajayi

President Bola Tinubu, Mr Peter Obi, the Labour Party...
Opinion

Peter Nwaebonyi: Always Talking Before Thinking!

By Olaleye Olawale One of the overfed parasites, who found...
News

FG Advances With African Energy Bank’s Take off As Afreximbank Backs Initiative with Additional $14 Billion

By Abiola Olawale The Federal Government (FG) has announced a...
News

2027: Tinubu Not Against North, Nothing ‘ll Stop Him — Tanko Yakassai

By Kolawole Ojebisi An elder statesman, Alhaji Tanko Yakasai, has...
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has filed a 27- count charge before an FCT High Court against Alhaji Bature Umar Masari, former Director-General of Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN) over alleged fraudulent award of constituency projects contracts worth N184.5m.
Alhaji Masari awarded the specialised entrepreneurship constituency projects contracts for Benue State and allegedly received kickbacks to the tune of N99.8m between 30th April 2014 and 24th December 2014 from various contractors.
In one of the charges, Alhaji Masari was alleged to have received the sum of N50m in November 2014 from one of the contractors and distributed part of the sum to some other persons, an offence contrary to Section 10(a)(i) and punishable under Section 10(a)(ii) of the Corrupt Practices and Other Related Offences Act 2000.
Additional charges against Alhaji Masari were that he allegedly received various other sums from different contractors.
All payments from the contractors were made to the personal account of Alhaji Masari with Guaranty Trust Bank and Salsala Integrated Farms bank account with Diamond Bank, a company allegedly linked to the defendant following a search to the Corporate Affairs Commission.
The Court is yet to fix a date for the arraignment of the former Director-General.
Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Previous article
Toyin Saraki Addresses World Health Assembly In Geneva
Next article
Mace Theft: Gombe Assembly Suspends Four APC Members

We stand for ethical journalism, press freedom, accountable Republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism.

© 2023 The New Diplomat Multimedia Limited. All Rights Reserved.

Latest News
Tinubu, Obi, Fayemi Share Lighthearted Moment at Pope Leo XIV’s Inauguration in RomeA Vatican Story, By Temitope AjayiPeter Nwaebonyi: Always Talking Before Thinking!FG Advances With African Energy Bank's Take off As Afreximbank Backs Initiative with Additional $14 Billion2027: Tinubu Not Against North, Nothing 'll Stop Him -- Tanko YakassaiNigerian-born Jason Jackson Makes History as Islington’s First Black MayorThe blood profits of Nigerian banks, By Michael Owhoko[VIDEO & PHOTOS] Tinubu, J.D. Vance, Carney, Zelenskyy, Others Meet Pope Leo XIV After Inauguration MassPope Leo XIV Urges World Leaders: Don't Marginalize the PoorTears As Kidnappers Kill Abducted Ondo APC Chairman Despite Collecting RansomBreaking Down Trump’s Executive Orders in His First 100 DaysNigeria Can't Become One-Party State, PDP Just Threatened, Says APC29-year-old Nigerian-British Wins Election As UK's Youngest MayorMapped: World’s Largest Economies, Including U.S. StatesKwankwaso: Tinubu Not Pressuring Me to Join APC
X whatsapp