The Economic and Financial Crimes Commission (EFCC) has arrested the Accountant General of the Federation (AGF), Ahmed Idris over an alleged N80 billion fraud.
Reports say that Idris was arrested by operatives of the EFCC on Monday, for allegedly diverting funds and for money laundering activities.
According to the EFCC, “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,” the EFCC stated.
The accused was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts
According to reports,,the Accountant General, before now has , among other infractions, alleged to have transferred the sum of N20billion to the Ministry of Defence without due process; a matter which is currently being investigated by the House of Representatives.
During the investigations by the House of Representatives, Idris had reportedly admitted to carrying out withdrawals without recourse to the relevant financial laws guarding the operations of his office.
Idris had in defence explained that there was a budgetary approval for defence, but funds were not readily available hence the resort to the EFCC account.
His subsequent arrest by the EFCC has been attributed as a direct consequent of the House of Representative investigations of the office of the AGF over the status of all recovered loots including moveable and immoveable assets between 2002 and 2020.