Petroleum Equalisation Fund Manager, Goody Nnamdi, Indicted By EFCC Got His Benefits Fully Paid


The General Manager of Corporate Services in Petroleum Equalisation Fund, Goody Nnadi, who was indicted by the Economic and Financial Crimes Commission (EFCC) in December 2019 for corruption has been recalled back to his position with his benefits fully paid.

On 20th December, 2019 a Federal High Court in Abuja granted final forfeiture of his property, which included a plaza and many residential properties in Abuja after the EFCC proved that the property where gotten from corrupt practices while in office.

Nnadi, who has been declared as a corrupt public official by the court, was paid an upfront sum for 2020 amounting to Fifiteen Million, eight hundred and sixty two thousand, one hundred and seventy two Naira (N15,862,172)

He also received Sixty one Million, three hundred and forty three thousand, four hundred and three Naira, six kobo (N61,343,402.06)  from the Nigerian Government as monetisation for his mortgage loan.

It was gathered that Nnadi was being shielded by powerful forces within the Presidency, making it unattainable for the board of the PEF to swing him.


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