N80bn Fraud: EFCC Frees Former Accountant-General, Ahmed Idris, Allegedly Recover Names, Fund Location

June 2, 2022

The Economic and Financial Crimes Commission (EFCC) has released the Accountant-General of the Federation, Ahmed Idris, who was suspended for allegation of fraud leveled against him by the anti-graft agency.

Idris was accused of N84 billion fraud, leading to the Minister of Finance, Budget and National Planning, Zainab Ahmed, suspending him, pending the outcome of an investigation into his activities as the Accountant-General.

Join our WhatsApp Channel

During a press conference on Thursday, EFCC’s Head of Media and Public Affairs, Wilson Uwujaren, said Idris was released after meeting his bail conditions, but he didn’t disclose on what grounds the Accountant-General was let go.

“I actually do not have idea of what the bail conditions are but all I can tell you is that he has been released after meeting his bail conditions”. Uwujaren told newsmen after Idris’ release.

He spent over two weeks at the custody of the EFCC, after failing to respond to the anti-graft agency invitation, to explain the bogus contract, through which Idris was alleged to have laundered between N80 billion to N174 billion. The public fund was reportedly siphoned through real estate investment in Kano and Abuja.

Prior to his release, it was gathered that Idris disclosed to EFCC, traces of funds, which are deposits in local and foreign currencies. The Accountant-General also allegedly gave names to the anti-graft agency.

A video is now currently trending showing Idris reuniting with his family.

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Naira Ends Week With N59.71 Gain At Official Market
Previous Story

Dollar Exchanges For Over N600, As Naira Falls In Official Investors Market

Next Story

5 Tips On How To Enjoy Your Weekend To The Max

Featured Stories

Latest from News

President Tinubu

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

Musa Calls Time on Illustrious Super Eagles Career

Nigeria’s most-capped footballer, Ahmed Musa, has formally announced his retirement from international football, bringing the curtain down on a distinguished career that spanned more than a decade in the national colours. Musa confirmed the decision in a statement shared via his official
Naira Ends Week With N59.71 Gain At Official Market
Previous Story

Dollar Exchanges For Over N600, As Naira Falls In Official Investors Market

Next Story

5 Tips On How To Enjoy Your Weekend To The Max

Don't Miss

Bybit and Max Verstappen Extend Grand Prix Triumph with Unforgettable Fan Celebration in Japan

DUBAI, United Arab Emirates, 29 September 2023 -/African Media Agency(AMA)/- Bybit, the

REVEALED: U.S Security Personnel Were Attacked In Ogbaru

Prime Business Africa reports that the United States Security Advance