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Ex. Gov. Lucky Igbinedion In Tears, Loses N3.3Billion To Fraudsters

Lucky Igbinedion is licking his wounds right now. He has allegedly lost a whooping sum of #3.3Billion to a Venezuelan State owned oil company, Petroleos De Venezuela S.A.
Determined to recoup his money back, he contracted an American based law firm to institute a $600Million lawsuit against the state owned company, the case have started, the Former Governor received another blow below the belt, the American wrote him to remind of his contractual agreement about their retainership, in which they told him in clear terms that they may likely drop his case if he continues to owe them. For them not drop his case, the Ex. Governor was alleged to go with cap in hand begging friends and associates to assist him with paltry $38,000.00, when he was unable to raise the said retainership fee the America law firm dumped his case. Your guess is as good as mine. An indication that Lucky Igbinedion may be heading towards insolvency. What a mighty God!
When this Edo born politician, ruled Edo State for eight years, his words were laws. He Edo people and her treasury were at the receiving end at that period.
Back home in Nigeria, especially his home state, the Economic and Financial Crime Commission, EFCC won an appeal against him at the Appeal Court in Benin on April 9 that he has a case to answer over a fresh 66 count money laundering and financial impropriety suit brought against him by the EFCC.
In 2008, a Federal High Court in Enugu sentenced him to six months in prison with the option of a #3.5Milloin fine. The controversial plea barging he reached with the anti graft agency then required that he will return #500Million and three of his houses he acquired with the stolen public funds to the Federal Government. News of the People, NOTP, gathered that ever since he left the Edo State Government as the number one citizen of the Heart Beat State in 2007, he always has his fingers burnt in all the business deal he had enter into, within and outside the country, did I hear you say nemesis is at work!

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