By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Fraud allegations rock DESOPADEC as MD is accused of lavishing millions of naira on party largesse
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
News

Fraud allegations rock DESOPADEC as MD is accused of lavishing millions of naira on party largesse

December 26, 2015 7:56 am
The Capital
Share
SHARE

As corruption continues to ravage our society, searchlights continue to beam on those involved in the dastardly act and it has become a daily dosage of news for most Nigerians to hear and read of corruption probes, ranging from high profiled charges to low profiled ones, from multiple billions to few millions.

Some top officials of Delta State Oil Producing Areas Development Commission (DESOPADEC) have accused the commission’s Managing Director, Williams Makinde, of gross financial misconduct and reckless spending. According a report by SaharaReporters, Williams Makinde was alleged to have squandered a whooping sum of N58 million on end of the year party which happened on 15th of Dec. 2015.

The source made it known that the commission has been having a difficult time paying workers’ salaries for 13 months and it was totally uncalled for for the commission to have spent such a huge amount of money on largesse to journalists.

It was learnt that the cash for the get-together party was pulled out of the commission’s account at Zenith Bank.

Another source claimed that Mr. Makinde spent N8 million to buy bags of rice, oil, and according to a journalist, the commission MD’s special assistant on media, Prince Orhomonokpaye, told a group of reporters in Sapele, Delta State, that the commission had spent N8 million to buy them gifts. He added that, once the media assistant realized he was talking to reporters, he made a swift U-turn, claiming that the gift items had been purchased on credit.

A manager at the commission condemned the MD’s priorities, adding that the commission’s financial condition had worsened since Mr. Makinde assumed office. He said the MD was acting recklessly and running the commission like a private estate business.

See also  Hushpuppi’s Associate, Woodberry, Pleads Guilty, Forfeits $8m, Assets

The source stated, “Do you that the MD donated a bus to African Independent Television, a private television station in Oghara, even though the state-owned television station lacks vehicles and other tools to carry out their work effectively across the state.”

“The cost for the venue of the end-of-year party was inflated. I know that, normally, the venue [Brown Hill Event Center] is rented out for one million naira. But the MD inflated it to N5 million. On a very good day, the end-of-the-year party should not have cost more than N5 million,” the source said. He accused the MD of conniving with other board members to spend the huge sum of N45 million on the party in addition to wasting N8 million purportedly to buy Christmas gifts for reporters.

It was also gathered that Amaju Pinnick, the President of the Nigeria Football Federation (NFF), owns the Brown Hill Event Center.

Meanwhile, Mr. Makinde denied lavishing the sum of N50 million on a party and an additional N8 million on gifts for journalists.

You Might Also Like

PDP NEC: Atiku, Wike Camps Go Into Trenches, As Ex-Rivers Gov’s ’s Group Breaks 60 Lawmakers’ Ranks
30 killed, scores injured again in Zamfara
Tension: EFCC may return Dasuki to DSS custody
SHOCKING! Politicians hire marabouts, pastors to pray for Buhari’s death – Aide
BREAKING: Minister Collapses During Official Engagement
Share This Article
Facebook Email Print

BREAKING: EFCC Arrests Buhari’s Former Minister From His Hiding Place

The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister…

FULL LIST: 47 Disqualified Senatorial Aspirants

The All Progressives Congress (APC) on Monday released the list of senatorial…

JUST IN: NDC Finally Names Presidential Aspirant for 2027 Election

Peter Obi, the former presidential candidate of the Labour Party, has been…

Tension in Kano as Gov Yusuf Sends Warning to Kwankwaso

Governor Abba Kabir Yusuf of Kano State has issued a stern warning…

APC Make U-Turn On Senatorial Primaries List

The All Progressives Congress has made a u-turn on its earlier list…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

PANIC in ruling party as Tambuwal, Yari, hold secret meeting with Wike, Udom

January 4, 2017

N1.4bn Fraud: Second Judge Withdraws From NBA President, Usoro’s Case

February 14, 2019

LG chairman arrested over assassination attempt on Dino Melaye

April 20, 2017

Kano Sacked Commissioner, Who Celebrated Kyari’s Death, Tests Positive for Coronavirus

May 7, 2020

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?