Alleged N287m Scandal: Former House Of Reps Speaker Patricia Etteh Granted Bail By EFCC

Former Speaker of the House of Representatives, Mrs Patricia Olubunmi Etteh, who was arrested by the Economic and Financial Crimes Commission, EFCC has been released on bail.

Etteh was arrested on 17 May over suspicious and shady financial involvement with Phil Jin Projects Limited.

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

The company received N287m even though the contract was worth N240m. Phil Jin Project Ltd later paid N130m to Patricia Etteh.

EFCC is trying to find out why she collected the money, when she is not a director of the company.

She was released Friday night upon fulfilling bail conditions offered her by investigators working on her matter.

She is to report periodically to assist further investigations, said EFCC spokesman Wilson Uwujaren, in a statement early today.