The Economic and Financial Crimes Commission, EFCC, has said it has arrested Ahmed Idris, accountant-general of the federation for an alleged N80 billion fraud.
In a statement on Monday, the anti-graft agency said: “On Monday, May 16, 2022, operatives of the EFCC 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.
“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.
“The funds were laundered through real estate investments in Kano and Abuja.
“Mr. Idris was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts,”
Idris is currently being grilled at the EFCC’s headquarters in Abuja.
Nigerian politicians are known for looting public funds either by themselves or through proxies.
80 billion Naira if utilized properly can turn around the fortune of the country, at least, it should be able to solve the nation’s power problem.
Financial crimes has continued unabated despite government’s claim of fighting corruption.
One of the cardinal objectives of the Buhari government was to fight and eliminate corruption from the system.