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AGF Scandal: Buhari’s Cabinet Members, Other Appointees Mentioned In AGF Idris’ N200bn Fraud

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The number of big shots in the current administration that may be consumed by the ongoing probe of the Accountant General of the Federation, Ahmed Idris, is increasing on a daily basis as the investigation proceeds.

According to Economic Confidential, a highly placed source in the anti-corruption circle has informed that the total sum in the series of coordinated scams traced to the AGF is up to 200 billion naira, adding that too many people in the President Muhammadu Buhari cabinet, elected officeholders at national and state levels, heads of agencies and parastatals and senior civil servants are neck-deep in the scam.

It would be recalled that Idris was nabbed by operatives of the Economic and Financial Crimes Commission (EFCC) on May 16 in connection with a series of fraud that was initially thought to be in the region of 80 billion naira. He has been held by the Commission for weeks and he is said to be volunteering a lot of information regarding the dramatis personae involved in the alleged sleaze.

Three days later, Idris was suspended by the Minister of Finance, Budget, and National Planning, Zainab Idris, to enable him to face his probe. An overseeing AGF, Mr. Anamekwe Nwabuoku, was named in his place on May 22.

In a twist of fate, it became clear hours after that announcement that the new overseeing AGF has also had a scandal-ridden career in the civil service.

According to credible sources familiar with his antecedents, the EFCC is also investigating him for a series of graft allegations, and Nwabuoku is known to visit the headquarters on a regular basis as part of the investigation routine.

Some of the allegations against him include overpayment to himself in previous MDAs he served.

Some of the properties he acquired fraudulently were recovered by anti-corruption agencies.

One of the sources informed Economic Confidential that perhaps his major financial crime was allegedly committed while he was the Director of Finance and Accounts at the Ministry of Defense where he was said to have enriched himself with internal security funds.

He was allegedly involved in other fraudulent activities and used the Government Integrated Financial Management System (GIFMIS) to steal the salaries of federal government staff.

Our source has now told us that what has been unearthed and made public in the AGF Idris whole scandal is infinitesimal compared to what is coming.

According to the source, since the commencement of the entire investigations, Idris’ confessional statements, traces of the funds, withdrawals, and deposits in local and foreign currencies, have reportedly led to the arrest of former governor of Zamfara State, Abdulaziz Yari, who like Idris, is still in EFCC custody at the time of filing this report.

Also arrested on Sunday in connection with the investigation was the Chairman and Managing Director of Finex Professional, Anthony Yaro.

The findings so far, the source said, will lead to more arrests.

Economic Confidential, a sister publication of PRNigeria gathered from the source that as the investigation progresses, a lot of powerful and influential figures in this administration have been fingered to have benefitted from the diversion of 200 billion naira, adding that the EFCC would soon swoop on those suspects for interrogation and prosecution.

BIG STORY

UPDATE: Uncover Negligence, Deliberate Actions Behind Ibadan Stampede — Tinubu To Security Agencies

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President Bola Ahmed Tinubu has ordered an investigation into the incident at the children’s funfair in Ibadan, which resulted in the death of 35 persons.

In a statement issued on Thursday by Bayo Onanuga, his special adviser on information and strategy, the president called for a “thorough” inquiry to determine whether negligence or deliberate actions contributed to the stampede.

“In this moment of mourning, President Tinubu stands in solidarity with the affected families and offers prayers that the Almighty God will grant peace to the souls of those who have departed in this unfortunate event,” the statement reads.

“President Tinubu has urgently directed the relevant authorities to investigate the circumstances of this tragedy thoroughly. He emphasises that it is imperative to determine whether negligence or deliberate actions contributed to this painful incident, ensuring a transparent and accountable process.”

“The President urges the Oyo State Government to take every necessary measure to prevent such a tragedy from reoccurring.

“Among the essential actions are a comprehensive review of all public events’ safety measures, strict enforcement of safety regulations, and regular safety audits of event venues.”

The president also called on event organisers to prioritise the safety of all attendees, especially children.

He noted the importance of integrating professional security, protocol, and logistics at events to ensure the safety of all participants.

“Our children’s safety and well-being remain paramount. No event should ever compromise their safety or take precedence over their lives,” he added.

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BIG STORY

2025 Budget Proposal Scales Second Reading At National Assembly

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The 2025 appropriation bill has passed the second reading at the national assembly.

The budget cleared the second reading during plenary on Thursday following an extensive debate by legislators in the Senate and the House of Representatives.

On Wednesday, President Bola Tinubu presented a record N49.7 trillion as the proposed budget for 2025 to a joint session of the upper and lower legislative chambers.

The lawmakers, during plenary on Thursday, took turns discussing the general principles of the money bill, offering recommendations that included thorough scrutiny of the budget breakdown during engagements with heads of ministries, departments, and agencies (MDAs).

Leading the debate, Julius Ihonvbere, majority leader of the green chamber, said the budget would improve the nation’s economy and consolidate the achievements of the president.

In his debate, Kingsley Chinda, minority leader, said Tinubu’s assertion that the budget would reduce inflation from the current 34.6 percent to 15 percent is “ambitious” and not realistic.

The ranking lawmaker said the allocation of N4.91 trillion to defence and security “will not take us to the promised land.”

He added that the budget should also prioritize human capital development and environmental sustainability.

“The budget might appear very beautiful, but there is much more for us to do as a nation,” Chinda said.

‘2025 BUDGET IS INADEQUATE’

Oluwole Oke, a Peoples Democratic Party (PDP) member from Osun, stated that the budget is “grossly inadequate” and won’t sufficiently fund development projects.

Abdussamad Dasuki from Sokoto supported Oke’s position, describing the budget as inadequate.

“The budget may look robust on paper, but if you convert it to dollars, you will realize that the budget is not where we should be,” he said.

“With the challenges we have, if you convert it to dollars, the nation will be inadequately provided for. I urge the relevant committees, particularly the committee on finance, to work on this.”

Also speaking, Ismaila Dabo from Bauchi called for an increased allocation to the agricultural sector to boost food production.

“Inflation is on food items, and Nigerians are finding it difficult to cope. I urge the house to do everything possible to ensure enough allocation is reserved for agriculture,” he said.

Some lawmakers from the north-east and south-east geopolitical zones demanded more funding for their development commissions.

The lawmakers unanimously voted in support of the bill when it was put to a voice vote by Benjamin Kalu, the deputy speaker, who presided over the session.

Kalu referred the bill to the committees on appropriation for further legislative work.

He said the bill will be passed before January 30.

In November, both chambers approved the 2025-2027 medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP) of the federal government.

The parliament passed the oil benchmark prices of $75, $76.2, and $75.3 for the daily crude oil production of 2.06 million, 2.10 million, and 2.35 million for the 2025-2027 fiscal years respectively.

Also, the national assembly maintained the gross domestic product (GDP) growth rate projected at 4.6 percent, 4.4 percent, and 5.5 percent for the three years in the fiscal strategy paper.

The lawmakers endorsed the projected exchange rate of N1,400/$ but said it is subject to review in early 2025 according to monetary and fiscal policies.

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BIG STORY

JUST IN: Ooni’s Ex-Wife Naomi, 7 Others Arrested Over Children’s Funfair Stampede In Ibadan

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The Oyo State Police Command has announced the arrest of the ex-queen of the Ooni of Ife, “Naomi Silekunola”; the Principal of Islamic High School, Ibadan, “Fasasi Abdulahi”; and six others in connection with the deaths of several children during a stampede at a funfair in Ibadan, the state capital, on Wednesday.

The ex-queen was identified as the primary sponsor of the event.

Furthermore, the number of children who have died from the stampede has increased to 35, while six others are critically injured, according to a statement issued on Thursday by the State Police Public Relations Officer, “Adewale Osifeso.”

The event, which was held at the Islamic High School, Basorun, Ibadan, was intended for 5,000 children, but reportedly over 7,500 attended.

 

More to come…

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