News
Former PDP Chair Sheriff agrees to refund N40M after EFCC grill
Former Peoples Democratic Party (PDP) Chairman, Ali Modu Sheriff, has agreed to refund N40 million to the Economic and Financial Crimes Commission (EFCC) after being invited by the agency, reports say.
The money is believed to have been Sheriff’s share of N24.29 billion allegedly distributed by former petroleum minister, Diezani Alison-Madueke to secure a re-election for ex-president, Goodluck Jonathan in 2015.
ALSO SEE: $115m election slush fund: EFCC clamps down on banks, Deziani
“Based on previous interactions with some leaders of the PDP in Borno State, we isolated issues for him and asked him to respond to the allegation that he benefited from the N450million allocated to the state by Diezani as campaign funds,” a source told The Nation.
“One of the issues was the N40million traced to him through Hon. Kumalia for security. Sheriff admitted receiving the cash and made a firm commitment to return it as soon as possible. Based on Sheriff’s pledge, he was granted an administrative bail,” he added.
Meanwhile, Diezani has denied reports that she stole money from Nigeria.
Source: Pulse
-
Business1 week agoThe CBN’s Exposure Draft on Holding Companies of Banks: Matters Arising
-
Comments and Issues1 week agoEkiti 2026: Will INEC redeem self or slide further?
-
Latest1 week agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
Latest7 days agoAPC’s Asogwa wins Enugu North senatorial by-election by wide margin
-
News1 week agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll
-
Latest7 days agoAPC, PDP clinch key by-elections as INEC declares winners in Kano, Rivers
-
Football1 week agoWorld Cup group stage heats up as Germany face Ivory Coast, Netherlands meet Sweden in crucial fixtures
-
Latest1 week agoOyebanji extends lead as APC dominates Ekiti governorship race with 91% of results uploaded