Alleged N109.4bn fraud: Nigerian High Court Revokes Bail Granted Ex-Accountant General, Idris’ Co-defendant | Sahara Reporters

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A Federal Capital Territory, FCT, High Court sitting in Maitama has revoked the bail granted to Mohammed Usman, the third defendant in the 14-count money laundering charge filed by the Economic and Financial Crimes Commission, EFCC, against former Accountant-General of the Federation, AGF, Ahmed Idris.

The EFCC said Usman, who was the Director of the Federation Account, and one Godfrey Olusegun Akindele, in collusion with the former AGF, diverted N109.4 billion in public funds through the account of a company, Gezawa Commodity Market & Exchange Limited, which is the third defendant in the case.Vanguard reports that following the failure of the third defendant to appear in court on time, trial Justice Adeyemi Ajayi revoked his bail on Tuesday.

2 billion meant for nine oil-producing states.The witness, an investigative officer, stated that the ex-AGF was arrested as a result of an investigation into a petition filed against him by the Federal Treasury Concerned Staff Association.He told the court that an investigation revealed that after the Federal Account Allocation Committee, FAAC, approved $2.2 billion for the nine oil-producing states, the defendants secretly diverted N84.

 

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I hope he is still in the country.

Slave to foolani, why pasting the news? Nothing is gonna happen they own you slaves, they are building a home for themselves

Why the back and forth? Idris will get plea bargain at the end,why not try sharia law on this case.

The initial cash they collected was not enough, they need more.

In China this one is gone. I think the Nigeria government should adopt Chinese law on fight against corrupt politicians if they truly mean to end corruption and embezzlement. Steal one naira from public fund and be hanged. Nothing more nothing less.

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