If there is one man who will be cooling off his feet in jail when General Muhammadu Buhari assumes office as the president of the Federal Republic of Nigeria, then it is the DG of the Debt Management Office, DMO, Dr. Abraham Nwankwo.

The DMO is saddled with managing the debt profile of the Federal Government and securing bonds for the nation, but the Nwankwo-led leadership has succeeded in converting some of the bonds taken to personal cash that lands in private pockets.

Investigations carried out by an online news medium, Secrets Reporters revealed that Nwankwo lives a very discreet life, so as to cover the alleged corrupt life he currently lives.

The agency which has the vice-president Namadi Sambo as its Board Chairman raised a bond of $2 billion but ironically spent over $200 million or 10% of the bond secured to pay faceless consultants, when they ought to have these people working inside the office.

We gathered that whenever they go to the International Capital Market (ICM) to raise bond, they pay a lawyer outside the agency, a whopping sum of $700,000 as consultant fees for issuance

READ MORE: http://www.theiconng.com/massive-fraud-uncovered-in-debt-management-office-dmo/