Nigeria’s accountant-general steals N80bn from federal coffer, invests in real estate

The Accountant-General of the Federation, Ahmed Idris, has been arrested for alleged N80 billion fraud.

EFCC’s spokesperson of the antigraft agency, Wilson Uwujaren, said Idris was arrested after failing to honor the commission’s invitations to respond to issues connected to the fraudulent acts.

“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 N80billion( Eighty Billion Naira only).

According to the commission, the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

The funds were allegedly laundered via real estate investments in Kano and Abuja.