A Federal Capital Territory High Court has ordered former Minister of State for power, Muhammad Wakil, is to remain in prison custody till March 31, 2021 over his alleged involvement in the mismanagement of the N27 billion set aside for the payment of the retirement benefits to staff of the defunct Power Holding Company of Nigeria (PHCN).
This action followed the two-count charge bordering on corruption and abuse of office slammed on Wakil on Monday by the Economic and Financial Crimes Commission before Justice S.B.Belgore of the Federal Capital Territory High Court, Apo, Abuja.
Wakil, a former lawmaker, was charged alongside two companies-Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148 million as gratification from Bestworth Insurance Brokers Limited out of the N27.1 billion approved outstanding insurance premiums and claims of deceased and incapacitated staff of PHCN.
More to come…