EFCC Releases Suspended Accountant-General on Bail

June 2, 2022
suspended Accountant-General

By Adedapo Adesanya

The suspended Accountant-General of the Federation, Mr Ahmed Idris, has been released on bail by the Economic and Financial Crimes Commission (EFCC).

This was disclosed by EFCC spokesperson, Mr Wilson Uwujaren, on Thursday.

He was arrested on May 16 over an alleged N80 billion fraud after failing to honour the commission’s invitations to respond to issues connected to the issue.

The anti-graft agency noted that his arrest was in “connection with diversion of funds and money laundering activities to the tune of N80 billion.”

The EFCC claimed that its verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

According to the EFCC, the funds were laundered via real estate investments in Kano and Abuja.

After his arrest, the Minister of Finance, Mrs Zainab Ahmed, suspended Mr Idris from his position according to her executive powers.

The suspension was contained in a letter dated May 18, in which the Minister explained that the move was necessitated by the need to “allow for proper and unhindered investigation into the serious allegations in line with Public Service Rules 030406”.

According to her, during the suspension period, which is without pay, Mr Idris is not “expected to attend to your place of work or contact any official in your Office except for any disciplinary hearing that may be.”

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

insurance brokers and loss adjusters
Previous Story

NCRIB, Lagos Lawn Tennis Club Move to Deepen Insurance Penetration

Binance Labs
Next Story

Binance Labs Gets $500m to Drive Web3, Blockchain Adoption

Latest from General

Don't Miss