Igbinedion In EFCC Fresh Trouble …Over N25bn Fraud

Former Edo State Governor, Chief Lucky Igbinedion, may be in for another round of trouble as the Economic and Financial Crimes Commission (EFCC) has mounted a manhunt following fresh allegation of fraud levelled against him.

Investigation revealed that the anti-graft commission had commenced moves to slam fresh charges against the former Edo State Governor over alleged emblezzlement of N25billion.

Igbinedion is reportedly being accused of converting the state Afribank shares worth over $6.2million to a private use, in a fresh petition received by the EFCC against the politician.

The fresh allegation of fraud trailing the former Edo governor may also not be unconnected with the Mallam Lamido Sanusi-led Central Bank of Nigeria CBN, cleansing of the banking sector which opened cans of worms resulting to the indictment of top bank executives and politicians over financial fraud.

There are strong indications that EFCC would formally begin the prosecution of the former Edo governor in court this week.

Igbinedion who served as governor of Edo State for eight years was one of the governors accused of financial impropriety and fraud which allegedly depleted the state economic base.

In 2008, EFCC prosecuted him for money laundering and other corrupt charges and opted for plea bargaining to douse his indictment to give him a soft landing with the anti-graft commission.