The Economic and Financial Crimes Commission (EFCC) is investigating the Chairman of the Ondo State Oil Producing Areas Development Commission (OSOPADEC), Prince Biyi Poroye, over contracts and projects awarded between 2018 and to date in the commission.
Thefrontrank reports that Poroye was appointed as the Chairman of OSOPADEC on June 6, 2025 by Governor Lucky Aiyedatiwa and officially assumed on June 16, 2025, following the inauguration of the new Board.
In an invitation letter dated June 23, 2025, and signed by the EFCC Head of Investigation, Benin Office, ACE Ibelema Bristol, the commission said it is investigating a case in which the need to seek clarification from the chairman became imperative.
A copy of the letter cited by Thefrontrank addressed to the Chairman of the commission, was titled “Investigation Activities: Letter of Invitation.”
It reads: “This commission is investigating a case in which the need to seek clarification from your office has become imperative.
“In view of the above, you are kindly requested to report for an interview through the undersigned Head Investigation as scheduled below;
Venue: No. 1 High Court Road, GRA, Benin City, Edo State
Date: 9th July, 2025
Time: 10.00a.m
“You are also requested to report with the following information/documents;
- Lists of contracts/projects carried out by your commission from 2018 till date
- Status of the contracts/projects, either completed or ongoing
- Companies to which the contracts/projects were awarded
- Information on the amount paid to each company for the contract, including account details
- List and contact details of the companies that bid for the contracts and projects
“This request is made pursuant to Section 38 (1) and (2) of the EFCC (Establishment) Act 2004.”
Efforts by Thefrontrank to confirm if the Chairman of OSOPADEC had honoured the invitation were unsuccessful.
Sources in the commission told Thefrontrank that there were moves by the “power that be in the state” to cover up the investigation and shield the affected individuals and companies from possible prosecution
