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EFCC arrests Babangida over N5bn scam

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The Economic and Financial Crimes Commission (EFCC) has arrested former governor of Niger State, Aliyu Babangida, over N5 billion alleged fraud perpetuated under his administration.

Confirming the arrest, the spokesman for the EFCC, Wilson Uwujaren, told journalists in Abuja: “We invited former Governor Aliyu Babangida to our office on Tuesday and he has been in our custody since then.

“He was invited following an investigation into a scam involving about N5billion.”

The incumbent Governor of Niger State, Abubakar Bello, as well as the members of the Niger State House of Assembly, had called for a probe of Aliyu’s administration which they described as fraudulent.

Bello said there were several questionable transactions the former administration must account for and such transactions were discovered by the financial management committee set up by his administration.

Bello had lamented that one of such discrepancies was discovered in the state and local government joint account where a massive fraud was allegedly perpetrated.

Source: Daily Post

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