N130m Fraud: EFCC releases ex-reps speaker, Patricia Etteh on bail

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After three days of questioning, the Economic and Financial Crimes Commission (EFCC) released Patricia Etteh, a former Speaker of the House of Representatives, on administrative bail on Friday, 20 May.

According to a statement released by the EFCC on Saturday, she was released at approximately 8:45 p.m. on Friday after satisfying the bail conditions imposed by the investigators examining her case.

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Wilson Uwujaren, the EFCC’s spokesman, said in the statement that Etteh would periodically report to the commission to assist with further investigations.

A portion of the statement titled ‘Patricia Etteh Released’ stated, “Former Speaker of the House of Representatives, Mrs. Patricia Olubunmi Etteh, detained by the Economic and Financial Crimes Commission, EFCC, on suspicion of suspicious and shady financial dealings with Phil Jin Projects Limited, has been released by the Commission.”

“On Friday, May 20, 2022, she was released after satisfying the bail conditions imposed by investigators working on her case. She must submit periodic reports to aid in the investigation.”

The former speaker was arrested on May 17 for his shady and suspicious financial ties to Phil Jin Projects Limited.

According to reports, the NDDC awarded Phil Jin Project Limited a contract in 2011 for the supply of solar-powered street lights in some Akwa Ibom communities.

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The company received N287 million despite the contract being worth N240 million.

Patricia Etteh was later paid N130 million by Phil Jin Project Ltd.

EFCC is investigating why she collected the funds when she is not a company director.

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