Revealed: How Outgoing MD of NBET, Marilyn Amobi, Is Allegedly Stealing NBET Records To Cover Her Tracks

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Enormous amount of public funds that is in excess of millions of naira is at the moment being frittered away in the name of unearned terminal benefits, sources at Nigerian Bulk Electricity Trading (NBET) Plc has disclosed.



As gathered by this medium, the Company NBET that has suffered many financial trespasses in the past, is now at the verge of facing same scenario as it has gathered by this medium that ousted MD/CEO, Marilyn Amobi has well perfected plans to pay herself over half a billion naira as terminal benefit and welfare packages, a move which this medium gathered that is in gross abuse of civil rule, already this has triggered protests in the organisation.



It would be recalled that just recently Amobi was sacked by President Muhammadu Buhari, bringing to an end her controversial stint at the company. Her sack triggered widespread jubilation among staff, who had severally accused Amobi of abuses, including misuse of public funds and maladministration in her near four years tenure.

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But her final days in office is embroiled in a fresh financial scandal, as sources hinted that Amobi is reckless with spending in the company, releasing huge amount of money for herself and cronies.



One source pointed out that Amobi recently approved the sum N15 million for herself as flight ticket cost to United States of America and pie-diem ahead of her exit from office.



Despite her indictment by the two main anti-graft agencies, EFCC and ICPC, Amobi continue to manipulate the board of NBET to utilize public funds in a reckless manner and put the treasury of the company in a tight condition.



On her terminal benefit, Amobi bypassed the National Salaries Incomes and Wages Commission (NSIWC) to award herself a humongous amount in violation of Public Service Rules and Financial Standard. Her abuse continues to rubbishe the anti-graft fight of President Buhari and undermines the financial integrity of NBET.



Disturbingly, Amobi was suspended in the December 2019 by the power minister, Saleh Mamman, for gross financial abuse, and had been indicted by anti-graft agencies, EFCC and ICPC. Apart from the two anti-graft agencies, Nigeria’s auditor-general also found Amobi culpable of maladministration.



In February 2019, media reports detailed how Amobi  made controversial payments to law firms and other consultants. Following similar pattern, Amobi, in the most controversial manner in 2018, approved the sum of N77 million upfront as six years furniture and rent grants when in fact she has less than three years to stay in office. Till date, she is yet to return the balance to NBET account.



Insiders however noted that Amobi seem to be in a rush to cook books at NBET and conceal the truth about her tenure going by her recent moves to restrict workers from the company. In a recent memo sanctioned by Amobi, she censored those allowed into office to limit those allowed to her cronies in a desperate bid to concoct data and remove files that are likely to further expose  her dealings and indict her when she vacates office.


There are palpable fears amid concerned staff of NBET that if she is not made to vacate the office IMMEDIATELY she will succeed in her sinister cover up moves which will lead to destruction of valuable NBET documents causing a resultant financial loss in billions not to mention a litany of court cases against NBET for missing or destroyed contract documents.

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