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    MarketForces Africa » MarketForces News » EFCC Arrests ex-Power Minister over N22bn Fraud

    EFCC Arrests ex-Power Minister over N22bn Fraud

    Anthony PersuaderBy Anthony PersuaderMay 10, 2023 News No Comments2 Mins Read
    EFCC Arrests ex-Power Minister over N22bn Fraud
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    EFCC Arrests ex-Power Minister over N22bn Fraud

    The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Power, Sale Mamman over alleged N22 billion fraud.

    Competent sources revealed that the former minister was arrested on Wednesday and detained at the EFCC headquarters, Abuja.

    The sources said that the arrest was in connection with the ongoing investigation by EFCC into alleged corruption in the execution of some power projects

    According to sources, the minister was alleged to have conspired with a member of staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro Electric Power projects and diverted N22 billion.

    The two allegedly shared the money among themselves.

    ”The investigations have also uncovered properties in Nigeria and overseas linked to the suspects, while millions of naira and United States Dollars have been recovered,” said sources.

    Mamman, a native of Taraba, was appointed minister by President Muhammadu Buhari on Aug. 21, 2019, and was fired on Sept. 1, 2021. # EFCC Arrests ex-Power Minister over N22bn Fraud.

    The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Power, Sale Mamman over alleged N22 billion fraud.

    Competent sources revealed that the former minister was arrested on Wednesday and detained at the EFCC headquarters, Abuja.

    The sources said that the arrest was in connection with the ongoing investigation by EFCC into alleged corruption in the execution of some power projects

    According to sources, the minister was alleged to have conspired with a member of staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro Electric Power projects and diverted N22 billion.

    The two allegedly shared the money among themselves.

    ”The investigations have also uncovered properties in Nigeria and overseas linked to the suspects, while millions of naira and United States Dollars have been recovered,” said sources.

    Mamman, a native of Taraba, was appointed minister by President Muhammadu Buhari on Aug. 21, 2019, and was fired on Sept. 1, 2021. # EFCC Arrests ex-Power Minister over N22bn #EFCC Arrests ex-Power Minister over N22bn Fraud#

    Kaduna Generates N77.1bn IGR in 2022

    EFCC Sale Mamman
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    Anthony Persuader
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    Financial Journalist with global coverage.

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