News
N80bn fraud: Finance Minister suspends AGF Ahmed Idris
Minister of Finance Budget and National Planning Mrs Zainab Ahmed has suspended the embattled Accountant General of the Federation Ahmed Idris.
The suspension letter marked HMFBNP/AGF/SUSPENSION/5/2022 and dated 18th May, 2022 said the suspension became necessary “to allow for proper and unhindered investigation in to the serious allegations in line with Public Service Rules 030406”.
The suspension letter reads: “Following your recent arrest by the Economic and Financial Crimes Commission (EFCC) on allegations of diversion of funds and money laundering, I write to convey your suspension from work without pay effective 18th May, 2022.
“During this period, you are not expected to attend to your place of work or contact any official in your Office except for any disciplinary hearing that may be advised.
“It is expected that you will strictly comply with any instructions that will be forwarded to you in your current location or your known recorded address as stipulated in the extant rules.”
The EFCC on Monday made what could count as its most high profile arrest in recent times.
The anti-graft commission arrested the Accountant-General of the Federation (AGF), Ahmed Idris, over an alleged N80 billion fraud.
EFCC spokesman Wilson Uwujaren confirmed his arrest in a statement on Monday evening.
Uwujaren said Idris was arrested after failing to honour the Commission’s invitations to respond to issues connected to the alleged fraudulent act.
“Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, May 16, 2022, arrested serving Accountant General of the Federation, Mr. Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80 billion (Eighty Billion Naira only),” Uwujaren’s statement read.
“The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”
According to the EFCC, the funds were laundered via real estate investments in Kano and Abuja.
Continue Reading
-
Business6 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business6 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business5 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Football4 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business6 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Politics1 week agoAppeal Court reserves judgment in case seeking deregistration of ADC, four other political parties