Alleged Contract Fraud: ICPC To Arraign Masari

By: Hamilton Nwosa
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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

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