■ Suspended Accountant-General invested stolen funds in UAE, UK, Scandinavian countries, as EFCC battles to recover loot

■ How Senate Committee’s 7-year negligence aided sleaze

Few days after operatives of the Economic and Financial Crimes Commission (EFCC) arrested Mr. Ahmed Idris the Accountant General of the Federation (AGF), in connection with an alleged diversion of funds and money laundering activities to the tune of N80billion, fresh facts have emerged that more officials might soon be picked up by the anti-graft agency.

According to the anti-graft agency, investigation showed that the AGF raked in the funds through bogus consultancies and other illegal activities, using proxies, family members and close associates. The funds, according to EFCC, 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. A competent source in EFCC who pleaded not to be named, told Saturday Sun that more staff, highly-placed persons and other interested government officials involved in the financial heist, will be arrested soon.

The source said what the public knows is a scratch on the surface compared to what further investigation by the anti-graft agency has so far revealed. He said the AGF was due for retirement about two years ago, but was reportedly extended by the presidency, despite the clear violation of the civil service rule.

The source said through a clandestine move, Idris used many pseudo names to invest in and outside of Nigeria. He wondered how a public officer who should catch thieves, has now become the thief. He listed United Arab Emirates, United Kingdom and other Scandinavian countries, where the Idris starched the funds as investments. The EFCC source said the agency has already commenced moves to recover some of the assets, while reaching out to countries suspected to he harbouring some of the looted funds. He said when investigations are concluded, Idris will be charged to court. The source said Idris is working with operatives to bring a closure to the issue.

Meanwhile, fresh facts have emerged that the Senate committee on Public Accounts’ negligence and compromise to properly supervise the AGF’s office, may have led to the financial sleaze.

By law, the Senate committee is constitutionally mandated to supervise activities of the AGF’s office. However, the committee headed by Senator Matthew Urhoghide, has repeatedly failed to hold Idris to account.

The law requires that the office of the AGF submits an audit report to the Senate committee on Public Accounts. The Senate committee, by law, is expected to carry out a comprehensive verification of claims made in the report by the AGF’s office.

However, the committee, in the last seven years, has failed to comprehensively perform this role. It has also failed to present a report to the Senate for a proper deliberation and therefore, a position on financial malfeasance by Ministries, Departments and Agencies (MDAs). With the new revelation and arrest of the AGF by EFCC, there are fears that the Senate leadership may tinker with the leadership of the committee for optimal performance. Senate sources said the issue will he extensively debated when the Senate reconvenes in June, after the primaries of political parties.

https://www.sunnewsonline.com/n80bn-fraud-more-heads-to-roll-as-efcc-closes-in-on-agfs-accomplices/

Capital punishment for embezzlement.

Death sentence for corrupt politicians

If you support this like

He is corrupt no doubt but I believe strongly that he may have possibly gone against the power that be that's why his own sins are made public.

The dirt from Malami linen may kill all the sea creatures when washed in the sea but no one is talking because he is still playing his role well.

So I will ask, are to be concerned about a principal that looks away when hinted that his officials are corrupt or we should blame the official that wakes up on a day to day he cannot be pushed around again?

All those heads that will eventually roll are those who have something against the powers that be. If things were to be done appropriately, it should "All heads will roll" as there is arguably no head to be spared.

na wa o

Nigeria don tire me abeg.

They've sold this country

EFCC GO AFTER MALAMI

No wonder this bast*rds claimed to be spending billions to feed school children even when they were out of school due to Covid... I just pray we don't experience the current situation in Sri lanka

Corruption of great and high magnitude by people in high places.

When the rich steal from everyone, it's only a sensational report for the poor.

But when the poor steal bread out of hunger, he could be killed.

Nigeria we hail thee.

He will run for a political office come 2027, if still alive.

Even with TSA, BILLIONS are stolen. And Buhari the criminal will say he is Mai Gaskiya aka Mr Integrity!

APC change, next level finish level loading. If its to be in China all these APC government will be executed with their supporters. The most useless set of rogues to ever rule this country. Party wey suppose relegate the thieving party PDP forever with good governance. But end up worst,and some assholes still supporting them

Only the masses head will roll in the end
After they have used them

The Senate Committee in the last 7 years failed to properly monitor and audit the AGFs office .

Note - In the last 7 years .

Nothing will happen. Buhari is the boss of corruption

Louder

I know the man fit just forfeit 10bn and pocket the rest. Like Maina

No head will roll

Each and any politicians or persons that have stolen from our National treasury, and make life difficult for Nigerians, since independence, no matter the political party they are, they will never enjoy their stolen goods in good health and peace till the rest of their miserable lives.
Very wicked anyhow people.
For all the suffering people are going through in this nation, any looting and thieving politician/persons, , will not end well.

And this also goes to their supporters, nothing good will come their way in life.

No be Curse,
Na FACT.

We Rise.

The fight against corruption is one sided

Na Tinubu apprentice.

Oil money is sweet, that's why they can do anything to keep the oil money flowing. Smh.

He refused to buy presidential form. That's his crime. All APC members are criminals and accomplices.

Georgejeez:
The Senate Committee in the last 7 years failed to properly monitor and audit the AGFs office .

Note - In the last 7 years .

What has the lazy senate committee or senate since 1999 done other than to loot and fight for things that matters to them

Hmmm