₦80bn Fraud: EFCC Nabs Nigeria’s Accountant General, Idris

₦80bn Fraud: EFCC Nabs Nigeria’s Accountant General, Idris
Accountant General of the Federation, Ahmed Idris
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The Nigerian Social media sphere was ablaze with reactions as the Economic and Financial Crimes Commission (EFCC) detained Nigeria’s Accountant General of the Federation, Ahmed Idris for an alleged ₦80,000,000,000 (eighty billion naira) fraud that involves the loss of some funds that were unaccounted for.

EFCC Head of Media, Wilson Uwujaren announced this in a statement on Monday.

The spokesman said EFCC operatives took Idris into custody for alleged massive fraud. The top official is accused of diversion of funds and money laundering to the tune of ₦80billion.

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Uwujaren noted that the commission acted on verified intelligence against Idris.

He is said to have “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, the EFCC added.

Idris was nabbed after failing to honour invitations to respond to issues connected to the alleged fraudulent acts.

Idris had been on the radar of the anti-graft agency for some time, it was learnt.

A source added: “The Accountant-General of the Federation has been under watch for some curious payments running into billions of naira; financial interests in Gezawa Commodity Market Limited and Gezawa Integrated Farms Limited and other estate investments.

“The AG-F, who attained 60 years on November 25, 2020, was yet to proceed on retirement contrary to the Civil Service regulations.”

The public service rules prescribe 60 years of age or 35 years of service for mandatory retirement.

The regulations say: “Accordingly, the following guidelines shall apply. (I) that career officers who take up tenured appointment should at the point of taking up the appointment retire from service to ensure they run their term uninterrupted.

“(II) that career officers who have not retired from service before the commencement of their tenured appointment must leave office on attainment of mandatory age/years of service for retirement and

“(iii) That career officers who are currently holding tenured appointment are required to retire from service with immediate effect and continue to run their term.

“Failure to do so would mean that they would vacate office on attaining the mandatory age or at the expiration of their term whichever comes first.”

 

Africa Daily News, New York

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