Presidential Panel Announces Recovery Of Over N3 Billion From Two Civil Servants

The Special Presidential Investigation Panel on Recovery of Public Property (SPIP), on Wednesday, said it has recovered over N3 billion from two senior officials by the Petroleum Equalization Fund (PEF).

The panel named the officials as Goody Nnadi, who is the General Manager, Corporate Services at the Fund, and Aisha Usman, the General Manager, Operations.


This was disclosed in a press conference on Wednesday in Abuja by the chairman of the panel, Okio Obono-Obla. Mr Obono-Obla said the agency received a petition that Mr Nnadi operated a corporate account with a hotel named Galbani and Greatwood in Owerri, Imo State.


He said the amount that went into the accounts of Mr Nnadi from 2011 to 2019 “totals N2.2billion, $302,964, €11,000 Euro and £2,000 pounds sterling.” He also said: “two documents of landed property, $1,000 and €200 Euros were recovered” from the civil servant.

According to him, Nnadi was quizzed but has been released on bail. He is presently undergoing Senior Executive Course (SEC 41, 2019) at the National Institute for Policy and Strategic Studies, Kuru, Plateau State.


On Ms Usman, the chairman said findings revealed that she operates nine accounts with one bank alone with a total inflow of N1.4billion.
He said it was discovered that some corporate organisations paid the money into her account.

Mr Obono-Obla noted that the suspects admitted helping some of the oil companies to get an allocation from NNPC and paid money into their personal and corporate accounts alleged to be graft.


The SPIP was set up in August 2017 by Vice President Yemi Osinbajo. The panel’s operations in the past have been enmeshed in controversy with Mr Osinbajo once ordering the panel to suspend its operations.

From premium times