According to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), allegations of fraud against Yewande Sadiku, former CEO and executive secretary of the Nigerian Investment Promotion Commission, could not be substantiated (NIPC).
The ICPC said it received a petition accusing Sadiku and other NIPC officials of mismanaging public monies in a letter dated December 16 and addressed to the CEO of the NIPC.
“Fraudulent misuse of office; waste and manipulation of public monies by the executive secretary of the NIPC through constant tours and travels within and outside Nigeria without bringing value to the Commission,” according to the ICPC.
Sadiku was alleged to have “embarked on foreign trips without express approval of the governing council of the commission; used the commission’s fund to repair her damaged personal vehicle”, as well as received “illegal foreign leave allowance”.
However, Akeem Lawal, ICPC director of operations, in the letter, said the allegations couldn’t be substantiated.
“Upon investigation, none of these allegations was established, and the striking out of suit No FAC/ABJ/CS/249/2019 by his lordship, Hon. Justice A.R. Mohammed of the federal high court of Nigeria, Abuja division, brings the investigation to a close,” the letter reads.
Sadiku, who was appointed executive secretary/CEO of NIPC in 2016, completed her five-year tenure in September.
In August, the NIPC had issued a statement saying Sadiku voluntarily honoured an invitation by the Economic and Financial Crimes Commission (EFCC), contrary to reports that she was arrested and detained over allegations of contract fraud.