Federal Ministry Of Finance Staff, Jude Ude Defrauds Nigerian Government Of N150 Million In Contract Racketeering Scam

Secrets Reporters

In a shocking revelation, Jude Ude, an employee of the Federal Ministry of Finance, has been implicated in a contract racketeering scam that defrauded the Nigerian government of a staggering sum of N150 million. This unethical act clearly demonstrates Ude’s blatant disregard for the Code of Conduct Bureau and Tribunal Act (CCBT), which governs the behavior of public officers. The evidence presented in the documents leaves no doubt about Ude’s involvement in this fraudulent activity.

On December 31, 2019, the Office of the Senior Special Assistant to the President – MDGS (OSSAP-MDGS) paid ₦44,122,499.04 to Judyk Ventures Ltd for the provision of tricycles to Lagos State, as discovered on Govspend.com.

Also, on December 19, 2019, the Federal Ministry of Power -HQTRS made a payment of ₦46,902,042.85 to Judyk Ventures Ltd for the final payment for the greater Amokwe Water Scheme phase 11

Finally, on February 24, 2021, the Office of the Senior Special Assistant to the President – MDGS (OSSAP-MDGS) made a payment of ₦60,303,587.85 to Judyk Ventures Ltd for the 1st interim payment for the construction 4 No. 2 bedrooms semi-detached doctors/nurses transit quarters at Umunnachi, Dunukofia lga, Anambra State

Judyk Ventures Ltd was found to be established in Abuja in February 2005, registered under the number 616372. The current status of the company is uncertain. Additional investigations indicate that there are three important individuals in its management, including Jude Ude, who works as a civil servant at the Ministry of Finance.

Government officials are prohibited by the CCBT Act from having ownership or involvement in private companies while employed in a full-time capacity. Nevertheless, this restriction does not extend to companies or businesses operating within the agricultural industry.