How Nigerian senator Stella Oduah, Chinese firm, CCECC, others laundered N5billion in five months – EFCC

The Economic and Financial Crimes Commission (EFCC) has indicted a senator, Stella Oduah, and the Nigerian subsidiary of Chinese construction giant, CCECC, in alleged fraudulent cash transactions of about N5billion over five months in 2014, PREMIUM TIMES reports.

PREMIUM TIMES reported that the EFCC could not arraign the nine defendants in the 25-count charge at the Federal High Court in Abuja on February 9, because the defendants had not been served the relevant court documents.

The judge, Inyang Ekwo, then adjourned the proceedings till February 22.

CCECC, FG and Oduah

The China Civil Engineering Construction Corporation (CCECC) Nigeria Ltd is the Nigerian subsidiary of the parent CCECC established by the Chinese government to execute international contracts and economic cooperation.

The firm, which has enjoyed decades of patronage from the Nigerian…

Continue Reading

Leave a comment