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.

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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.

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