ICPC arrests NABDA chief over ‘N400 million fraud’

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The Acting Director General (DG) of the National Biotechnology Development Agency (NABDA), Professor Alex Uwadiegwu, has been prosecuted by the Independent Commission on Corrupt Practices and Other Related Crimes (ICPC), for allegedly defrauding the Federal Government in 400 million naira.

The CIPC, who revealed this in a press release signed by its Spokesperson, Ms Azuka Ogogua, said that the intelligence investigation revealed that the money, which the professor of Microbiology and Biotechnology claimed was an intervention fund for the agency biotechnology, was diverted to private companies. pockets

It was alleged that the professor had shared the previous sum of money with other members of the senior management staff of the Agency.

Therefore, he was detained by CIPC agents to answer questions about how the aforementioned amount belonging to the government could disappear under their supervision.

The Acting Director General also faces issues bordering on conspiracy and abuse of power. Their actions are contrary and punishable under sections 19 and 26 of the Corrupt Practices and Other Related Crimes Act 2000.

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