The Economic and Financial Crimes Commission, EFCC, has released former Speaker of the House of Representatives, Mrs Patricia Olubunmi Etteh on bail, Africa Today News, New York.
She was released Friday night after fulfilling bail conditions offered to her by investigators who are investigating her case.
EFCC spokesman, Wilson Uwujaren, in a statement, said the former Speaker is to report periodically to the agency to assist with further investigations.
Read Also: EFCC Nabs Ex-Speaker Patricia Etteh Over Alleged Corruption
Africa Today News, New York recalls that she was arrested on 17th May over suspicious and shady financial involvement with Phil Jin Projects Limited.
Reports had it that Phil Jin Projects Limited was granted a contract by the NDDC for the supply of solar-powered street lights in some communities in Akwa Ibom.
The company received N287m, even though the contract was worth N240m.
It was reported that Phil Jin Project Ltd later allegedly paid N130m to Patricia Etteh.
The anti-graft Agency is investigating to find out why the ex-minister received the money when she is not a director of the company.
According to reports, the former Speaker was picked up yesterday evening by the anti-graft agency over a shady N240m contract awarded by the NDDC and is presently undergoing interrogation at the Abuja office of the EFCC.
Etteh was said to have received N130m through her personal account from Phil Jin Project Limited, a firm which was awarded the N240m contract by the NDDC in 2011.
Officials of the EFCC who spoke to reporters had revealed that Etteh had been unable to explain why the firm transferred N130m to her out of the money.
Etteh, who represented the Ayedaade/Isokan/Irewole Constituency of Osun State from 1999 to 2011, was the first woman to serve as Speaker of the House of Representatives.