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Accountant General Suspended Over Alleged N80bn Fraud

The Accountant General of the Federation, Ahmed Idris, has been suspended by the Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday, May 18, over a N80 billion fraud.

The minister’s suspension was announced in a letter dated May 18, 2022. Zainab Ahmed  stated that the decision was necessary to “provide for proper and unhindered inquiry into the serious allegations in accordance with Public Service Rules 030406.”

Mr Idris is not “required to attend to your place of work or contact any official in your Office throughout the suspension term; except for any disciplinary hearing that may be indicated,” according to Zainab Ahmed.

The suspension is the latest in the N80 billion scandal involving the Accountant General. He was arrested by the Economic and Financial Crimes Commission (EFCC) on Monday.

“Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, May 16, 2022, arrested serving Accountant General of the Federation, Mr. Ahmed Idris. This is in connection with diversion  of funds; and money laundering activities to the tune of N80 billion,” the agency’s spokesman, Uwujaren’s statement read.

“The Commission’s verified intelligence showed that the AGF raked off the funds. This was through bogus consultancies and other illegal activities using proxies, family members and close associates.”

He said the funds were laundered via real estate investments in Kano and Abuja. The EFCC spokesman also explained that Idris was arrested. This was after failing to honour the commission’s invitations to respond to issues connected to the fraudulent act.

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