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EFCC Detains, Quizzes NIPC Executive Secretary, Yewande Sadiku

EFCC Detains, Quizzes NIPC Executive Secretary, Yewande Sadiku

The executive secretary of the Nigerian Investment Promotion Council (NIPC), Mrs. Yewande Sadiku, faced interrogations from the Economic and Financial Crimes Commission (EFCC) on Monday.

The technocrat arrived the headquarters of the anti-graft agency at about 11am on Monday and was grilled by a team of operatives of the commission over alleged corruption-related issues.

A source familiar with the investigation disclosed that the NIPC boss was questioned for “abuse of office, bordering largely on contract fraud running into several millions of naira and unearned frivolous allowances”.

Another source said “She is cooperating and has volunteered statement but there is still a lot of grounds to be covered.”

EFCC Spokesman, Wilson Uwujaren, confirmed her presence in the commission but refused to offer further explanations.

Nigerian Investment Promotion Commission was established by Nigerian Investment Promotion Act Chapter N117 Laws of the Federation of Nigeria 2004 to encourage, promote and co-ordinate investments in the Nigerian economy.

Its functions include to be the agency of the federal government to co-ordinate and monitor all investment promotion activities; initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non- Nigerian investors; promote investments in and outside Nigeria through effective promotional means; collect, collate, analyze and disseminate information about investment opportunities and sources of investment capital, and advise on request, the availability, choice or suitability of partners in joint-venture projects, among others.

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