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BREAKING: Suspended AGF Remanded in Prison Custody Over “190bn Fraud”

A High Court sitting in Abuja has ordered the remand of the former Accountant-General of the Federation (AGF) Ahmed Idris, in prison over his alleged involvement in the illegal diversion of public funds to the tune of about N109.4 billion.

Justice A.O. Adeyemi Ajayi gave the order when the Economic and Financial Crimes Commission (EFCC) arraigned Idris on a 14-count charge bordering on conspiracy, criminal breach of trust and money laundering.

The EFCC said Idris and his co-defendants are indicted on a 14-count charge of stealing and criminal breach of trust to the tune of N109.5 billion.

According to one of the charges, Idris received gratification from one Olusegun Akindele, worth N15.1 billion, in exchange for accelerating the payment of 13% derivation to the nine oil-producing states in the federation.

Details later…

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