- Senator Peter Nwaoboshi from Delta state is facing a serious trouble with the Nigeria's anti-graft agency, EFCC
- Nwaoboshi says he is innocent of the allegation by the EFCC that he diverted a N1.2 billion loan facility
- He explains that a company got the loan and that the EFCC only wants to paint him black
Senator Peter Nwaoboshi representing Delta North has asked the Economic and Financial Crimes Commission (EFCC) to prove that he actually took a loan of N1.2 billion from the Nexim Bank.
Nwaoboshi asked the EFCC to produce documents indicting him in the said loan arguing that he was never involved in the issue.
The Nation reports that while speaking with journalists in Abuja, the senator accused the anti-graft agency of attempting to paint him black in the face of the public but added that this would not work because he was innocent.
Nwaoboshi said: “I didn’t take a loan of N1.2 billion. I challenge EFCC to show document that I Peter Nwaoboshi took a loan of N1.2 billion.
“The company in question has Nigerian and Chinese directors. It is a manufacturing company. They approached Nexim bank to take a loan of N1.2 billion.
“Because I know some of the directors, I excused myself from participating in the process in accordance with the law. It was the deputy governor of CBN who was the chairman of the board.
“The minutes of the board meeting are there. I told the board to excuse me and they did. The company offered a security valued at N3.5 billion as collateral. The records are there.
“The company in question provided documents verified by the bank that they were given a contract of N1.9 billion.
“The loan was for running cost, purchase of equipment and raw materials. This was verified by the bank. The bank went to Delta state and verified that the contract was given.
“The tenure of the loan was for a period of five years. It means it will expire in 2019.
“The company domiciled the payment of that contract to Nexim Bank and the Delta state government has been paying the money into this account in Nexim Bank, including the one they paid just last week.”
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The EFCC had accused Nwaoboshi of securing the loan in 2014 under the Local Industrial Growth Scheme, when he was on the board of directors of Nexim Bank
The anti-graft agency said the senator diverted the loan into other uses and that invitations to him through the clerk to the Senate had been rebuffed.
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