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News Updated: July 29, 2022

Ahmed Idris: How Former AGF Stole Funds With TSA, GIFMIS, IPPIS — EFCC

By Sydney Elike
July 29, 2022
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It has been revealed that the former Accountant General of the Federation (AGF), Ahmed Idris stole compromised the Treasury Single Account (TSA), Government Integrated Financial Management Information System (GIFMIS), the Integrated Payroll system and Personnel Information System (IPPIS) to allegedly obtain government money.

The revelation was made by the Economic and Financial Crimes Commission (EFCC) in the ongoing N109.5 billion fraud case.

The former AGF and his co-defendants Godfrey Olusegun Akindele, and Mohammed Kudu Usman were arraigned before Justice A. O. Adeyemi Ajayi of the Federal Capital Territory High Court in Maitama, Abuja on Thursday.

EFCC Chief Superintendent Hayatu Sulaiman Ahmed informed the court that investigations showed that Idris allegedly used stolen funds to construct the Gezawa Exchange Limited, Gezawa Integrated Farms, and Kano City Mall.

We had cause to invite individuals who had transactions with the Gezawa Commodity and Exchange Limited and found one Baita Ibrahim Kura of B I Kura Ibrahim, a Bureau de Change, BDC, operator based in Kano.

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“We invited him and he voluntarily wrote a statement, claiming he made several payments like N208million into Gezawa Commodity Market with Jaiz bank", he disclosed.

It was also revealed that Ibrahim admitted that he paid the sum of N866 million to one Architect Mustapha Mukhtar of Marsc Construction Limited for the construction of Gezawa Commodity Market and Exchange limited.

According to the EFCC, investigations exposed how Ibrahim got US dollars from Idris.

“We also found out that agitation from the nine oil-producing states, regarding derivation from the excess crude account, was tabled before the Federal Account Allocation Committee (FAAC).

“The committee came up with a figure of about $2.2 billion as what was due to the nine oil producing states, and this amount was to be deducted over a 60 months period on a quarterly basis."

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According to the witness, 11.5 per cent of the aforementioned sum amounting to N44.7 billion was set aside as payment to public officials to facilitate payments to the oil-producing states.

Subsequently, companies including Akindele and Co, a brand owned by the second defendant, Godfrey Olusegun Akindele was presented under the guise of consultancy.

It was discovered that N84.39 billion was paid into Akindele’s bank accounts, with another transaction taking place on February 12, 2021, and N 21 billion was paid into his account.

Further payments were made on May 6, 2021, and between July 28, 2021, and November 5, 2021, totalling N94.39 billion.

The money was divided between the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), represented by one of its Commissioners, Peace Akomas.

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Additionally, the court was told of subsequent transactions and how the properties purchased with the funds by the first and third defendants were traced to various locations in Abuja, Kano, and Minna, Niger State.

 

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Sydney Elike

Sydney is a graduate of Theatre Arts, a Writer, Movie Buff, Avid Reader, Video Game Enthusiast and ...

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