The Independent Corrupt Practices and other Related Offences Commission (ICPC) has arrested top officials of the North-East Commodity Association (NECAS) over an alleged procurement fraud involving N2.10 billion.
It was reported that the officials of the association coverted money meant for the purchase of 600 tractors to be distributed in the North-East region.
Operatives of the ICPC stormed the Association’s Headquarters in Yola, following complaints from farmers in the community who were to receive the government aid.
NAN reports that the National President of the association is currently at large, but Adamawa State Chairman of the Rice Farmers Association of Nigeria, Stephen Maduwa, was arrested.
The operatives discovered a warehouse containing 100 tractors and some other evidence; 164,000 bags of maize; 412,401 bags of sorghum; 698 bags of rice and 508 bags of fertilizer and other commodities all valued at N2.10bn.