N80 billion fraud: Finance Minister suspends Accountant-General from office

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The embattled Accountant-General of the Federation, Ahmed Idris, has been suspended from office by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, over his alleged involvement in N80billion fraud being investigated by the Economic and Financial Crimes Commission (EFCC).

Idris was arrested on Monday by the operatives of the anti-graft agency over alleged diversion of funds and money laundering activities to the tune of N80billion.

He was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts.

EFCC spokesperson, Wilson Uwujaren, in a statement, had said the commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

He said the funds were laundered through real estate investments in Kano and Abuja.