(L-R) Fola Daniel, commissioner for insurance, discussing with Mr. George Onekhena, deputy commissioner at the recent flag-off of compulsory insurance in Lagos.

Corruption  involving  top officials of the National Poverty Eradication  Programme (Napep) and some members of Keke Owners and Riders Association of Nigeria (Koran), the organ through which government officially relates with Napep tricycle riders,  is about  to scuttle the objectives of the poverty alleviation programme established by the federal government to ameliorate  the ravaging poverty in the country. This has led to the emergence of a new company privately owned or allegedly sponsored by Napep officials.
BusinessWorld Intelligence can now reveal that   the latest addition to the backlog of alleged corrupt practices that have riddled the poverty alleviation project in the country is the alleged conversion of N417 million belonging to Koran by the top Napep officials and kingpins of a faction of Koran as well as the alleged purchase of substandard  tricycles valued at N1.44 billion.
BusinessWorld Intelligence gathered that members of the investigating committee set up by Dr Magnus Kpakol, coordinator of Napep, found out to their chagrin that Kpakol was allegedly funding a faction of Koran and formed a rival company called Trimidan Limited   with the aim of sidelining Autobahn Techniques Limited, the government approved firm for the assembling of tricycles and the initiator of the Keke Napep concept.
Confirming this in Lagos, Eze Nwachukwu, chairman, caretaker committee of Koran, alleged that there are efforts to mismanage the Napep project by Kpakol and his proxies.  According to the committee’s report,  Trimidan Limited is currently assembling keke tricycles  and titled them Keke Napep, yet Napep as government agency was not aware of such neither was it informed by the people involved in the project.