Ex–Power Minister Arraigned For N148m PHCN Severance Benefit Bribe

The Economic and financial Crimes Commission, EFCC has arraigned a former minister of state for power, Muhammed Wakil before Justice S. Belgore of the Federal Capital Territory FCT High Court, Apo, Abuja.

Wakil was arraigned today, March 8, on a two counts charge of corruption and abuse of office.

TheFact Nigeria reports that the erstwhile minister of state was arraigned alongside two companies, Corozzeria Nigeria Limited and Pikat Properties Nigeria Limited, for allegedly receiving N148,000,000.00 (One Hundred and forty Eight Million Naira Only), as gratification from Bestworth Insurance Brokers Limited out of the N27,188,232,208.00(Twenty Seven Billion, One hundred and Eighty Eight million, two hundred and thirty two thousand ,Two hundred and Eight Naira) approved outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria, PHCN.

Count one of the charge reads; “That you Muhammed Wakil, while being Minister of Power and managing director of Corozzeria Nigeria Limited, and Corozzeria Nigeria Limited, on or about 22nd December, 2014, in Abuja, within the jurisdiction of this Honourable Court did corruptly receive the sum of N118,000,000.00(One Hundred and Eighteen Million) Naira only through Corozzeria Nigeria Limited’s Polaris Bank Account No. 4010023658 from Bestworth Insurance Brokers Limited out of the sum of N27,188,232,208.20(Twenty Seven Billion, One Hundred and Eighty Eight Million, Two Hundred and Thirty-two Thousand ,Two Hundred and Eight Naira, Twenty Kobo) only being the sum approved for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN), and thereby committed an offence contrary to Section 8(1)(a) of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 8(1)(b)(ii)of the same Act.”

When the charges were read, the defendant pleaded “not guilty.”

Counsel for the prosecution, Benjamin Manji asked the court to set a date for commencement of trial and remand the defendant at a Correctional Centre, pending trial.

However counsel for the defendants, B.C Igwilo SAN, prayed the court to grant bail to the 1st defendant, an oral application which the prosecution counsel opposed, urging the Court to order the defendant to file the application formally.

Justice Belgore adjourned the matter till March 31, 2021 for determination of bail application and remanded the defendant in the custody of the EFCC.

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