Court postpones case challenging appointment of EFCC chairman until 2024

N44 billion fraud: EFCC freezes N30 billion transferred from NSIPA account


The Economic and Financial Crimes Commission (EFCC) has traced and frozen N30 billion out of the N44 billion transferred from the National Social Investment Program Authority (NSIPA) account.

This comes barely 24 hours after the endangered NSIPA National Coordinator, Halimah Shehu, was detained and arrested by the EFCC following her suspension by President Bola Ahmed Tinubu.

Sources who spoke to The Nation on condition of anonymity revealed that several accounts from which some NSIPA officials operated the anti-corruption agency have been frozen as part of the ongoing investigation.

“After several hours of interrogation and profiling of numerous accounts, the EFCC confirmed that the unauthorized N44 billion was suspiciously transferred from NSIPA accounts to some personal and business accounts.”

On Wednesday, the EFCC grilled Shehu on charges of fraud.

The Anti-Corruption Commission also arrested NSIPA's immediate past Director of Finance and Accounts, DFA Buwai Adamu Hamza.

Hamza left the agency in December.

Shehu and Hamza were questioned by a special team yesterday.

To this end, the EFCC, after tracking the movement of cash, recovered and froze 30 billion naira traced to multiple accounts.

As of Tuesday, authorities had intercepted and seized NOK 17 billion.

Within 24 hours, the commission traced and froze another 13 billion naira in some accounts, bringing the seized cash to 30 billion naira.

It was discovered that 44 billion naira had been suspiciously transferred from NSIPA accounts to personal and business accounts acting as fronts.

This comes after former Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farooq, who worked under Shehu Halimah, refused a request to appear for questioning by the EFCC.

The EFCC invited Mr. Umar Farooq through his contractor, Mr. James Okwete, over the alleged laundering of N37, 170,855,753.44 during his tenure.

The former minister denied the allegations.

Source: dailypost.ng

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