CRIMEFEATUREDNATIONAL

PHCN Fraud: EFCC Arraigns Former Minister, Wakil Over N148m Bribe

The Economic and financial Crimes Commission, EFCC, arraigns a former Minister of State for Power, Muhammed Wakil, before an Abuja High Court, in Apo area over corruption and abuse of office.

Wakil was arraigned alongside Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148 million gratification from Bestworth Insurance Brokers Limited out of the N27.1 billion approved outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria, PHCN.

A statement by the EFCC spokesman, Wilson Uwujaren, titled, ‘EFCC Arraigns Ex –power minister for N148m PHCH severance benefit bribe,’ said the defendant pleaded not guilty to two count charges levelled against him.

It further said the counsel for the prosecution, Benjamin Manji asked the court to set a date for commencement of trial and to remand the defendant at a correctional centre, pending trial.

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However, the counsel to the Minister, B.C Igwilo (SAN), prayed the court to grant bail to the first defendant.

But the prosecution counsel opposed the oral application, while urging the court to order the defendant to file the application formally

Justice S. Belgore who presides over the matter gave an adjournment for determination of the bail application while ordering the remand of the Minister in the custody of the EFCC.

The matter was adjourned till March 31, 2021

Count one of the charges read;
“That you Muhammed Wakil, while being Minister of Power and managing director of Corozzeria Nigeria Limited, and Corozzeria Nigeria Limited, on or about 22nd December, 2014, in Abuja within the jurisdiction of this Honourable Court did corruptly receive N118m through Corozzeria Nigeria Limited’s Polaris Bank Account No. 4010023658 from Bestworth Insurance Brokers Limited out of the sum of N27,188,232,208.20 only being the sum approved for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria and thereby committed an offence contrary to Section 8(1)(a) of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 8(1)(b)(ii)of the same Act.”

 

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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