• About us
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 2, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News

ICPC Docks Suspended REA Executive Director, MD of Hassino Group Limited for Contract Fraud

Admin by Admin
March 13, 2025
in News
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Mr. Netufo Olaniyi Alaba, the suspended Executive Director of the Rural Electrification Agency (REA) and Mr. Hassan Arivi Saddiq, Managing Director, Hassino Group Limited, for their alleged involvement in a 15 million Naira (15,000,000) contract fraud.

Demola Bakare the commission’s spokesperson in a signed statement disclosed that Mr. Alaba who is the first defendant and Mr. Saddiq the second defendant, appeared on Wednesday before Justice Celestine Obinna of the Federal Capital Territory (FCT) High Court, Maitama Abuja, on a four and three-count charge respectively, bordering on currying favor and conferring unfair advantage through office, amongst other corruption charges.

It would be recalled that the Presidency had last year approved the indefinite suspension of certain senior figures at REA including Mr. Alaba, over a N1.2 billion fraud.

One of the charges reads:

“That you, Netufo Olaniyi Alaba between September and  October, 2022 or thereabouts at the Federal Capital Territory, Abuja  whilst being Executive Director of Rural Electrification Agency (REA) did use your office to confer corrupt advantage upon yourself by receiving the sum of (15,000,000) Fifteen Million Naira from Hassan Arivi Saddiq to show favour to the said Hassan Arivi Saddiq that is facilitating contract jobs/businesses for him at the Federal Ministry of Power and other Organizations and you thereby committed an offence contrary to and punishable under section 19 of the Corrupt Practices and Other Related Offences Act, 2000.”

Another charge reads:

“That you Hassan Arivi Saddiq (m) between September and Octoben, 2022 or thereabouts at the Federal Capital Territory, Abuja whilst being MD Hassino Group Limited did corruptly give the sum of (N10,000,000) Ten Million Naira to Netufo Olaniyi Alaba vide his First Bank Account No: 2005009459 on account of showing you favour that is facilitating contract jobs/businesses at the Federal Ministry of Power and other Organization and you thereby committed an offence contrary to and punishable under section 9 (a) an punishable under section 9 (b) of the Corrupt Practices and Other Relate Offences Act, 2000.”

Mr. Alaba and Mr. Saddiq pleaded not guilty to all charges. 

Counsel to both defendants, Myson N, and S. Yusuf applied to the court to grant bail to their client on liberal terms seeing “as they did not pose any flight risks and were capable of providing credible sureties.” 

While ICPC’s counsel, Abdulkareem Sulaiman did not oppose their bail applications, he did however implore the court to grant bail under stringent conditions to ensure that no attempt to slow the judicial process was made by the defendants.

Justice Obinna set bail at 50 million naira each provided they produced a credible surety who is a civil servant not below Grade Level 10 with a verifiable address within the FCT High Court’s jurisdiction. 

The presiding judge subsequently adjourned the case to 4th of April, 2025, for further hearing.

ShareTweetSend
Previous Post

NCS Kano Airport Command Intercepts $1.1M, Other Undeclared Foreign Currencies

Next Post

NAWOJ Hails Gov Umaru Bago As Gender Inclusion Champion

Admin

Admin

Related Posts

Dabiri-Erewa Applauds CBN, Diasporans as Remittances Triple to $600m Monthly
News

Dabiri-Erewa Applauds CBN, Diasporans as Remittances Triple to $600m Monthly

September 1, 2025
First Lady, Women Affairs Minister Empower Women Farmers at Agro-Value Chain Workshop
News

First Lady, Women Affairs Minister Empower Women Farmers at Agro-Value Chain Workshop

September 1, 2025
ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle
News

ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

August 31, 2025
Next Post

NAWOJ Hails Gov Umaru Bago As Gender Inclusion Champion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

Former IGP Solomon Arase Dies at 69

Former IGP Solomon Arase Dies at 69

August 31, 2025
Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

August 31, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
Former IGP Solomon Arase Dies at 69

Former IGP Solomon Arase Dies at 69

August 31, 2025
Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

August 31, 2025
ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

August 31, 2025
NDLEA Destroys 178,000kg Cannabis in Taraba Forest, Arrests 75-Year-Old Grandpa, Intercepts Millions of Opioid Pills Nationwide

NDLEA Destroys 178,000kg Cannabis in Taraba Forest, Arrests 75-Year-Old Grandpa, Intercepts Millions of Opioid Pills Nationwide

August 31, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In