News
EFCC on trail of ex-Gov. Shema over N60 bn mismanaged
Katsina ex-Gov. Ibrahim Shema is now a wanted man after he narrowly escaped arrest on Aug 14.
The EFCC began a manhunt for Shema over allegation levelled at him by his successor Aminu Masari who said he mismanaged about N68 billion belonging to Katsina when he was in office between 2007 and 2015.
According to sources Premium Times quoted, in 2012 alone, Shema allegedly diverted about N18 billion from government coffers into his private accounts for undisclosed reasons.
“The officials said Mr. Shema further raided local governments monthly allocation accounts which were being jointly run with the state government, leaving little for developmental projects and clearance of local government employees’ wages and salaries,” the online newspaper reported, adding that a sum of N50 billion is believed to have been mismanaged this way.
ALSO SEE: Buhari to sell planes as recession deepens
The EFCC sources said Mr. Shema had been evading the anti-graft office for close to a year; and narrowly escaped being arrested on Wednesday.
The former governor has been parrying off the EFCC invitation since December 2015, saying he wasn’t in the country, according to the commission’s officials.
“He wrote back to us that he would visit as soon as he returned, but he never did. Another two subsequent invitations were sent to him which he failed to honour.”
Shema’s lawyer, Wole Olanipekun, however, was said to have requested for a reschedule of the invitation in July, and the agency has not responded in anyway.
“From all indications, it appears like the same issue which Governor Bello Masari had petitioned EFCC about,” Shema’s spokesperson Oluwabusola Olawale said, describibg the allegation as false.
He said Masari, out of malice, has equally set up a Commission of Inquiry to investigate the matter, and there’s a pending court case on it.
-
Business6 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business1 week agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business7 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
News4 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business5 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business5 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest1 week agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Latest5 days agoCourt sets 7-day window for Atiku to serve Tinubu in 2027 suit


