Monday, December 15, 2025

 

N109bn Fraud: EFCC Re-Arraigns Suspended AGF Idris, Others

Must Read

Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

A five-member panel of the Supreme Court, led by Justice Lawal Garba, last Friday ruled in favor of Fidelity...

Court Sets Aside Order Granting AMCON Power To  Enforce Receivership Over General Hydrocarbons

  The Lagos division of the Federal High Court has set aside an order for the Asset Management Corporation of Nigeria (AMCON)...

Why Gov. Abiodun Is Prioritising Youth-Led Security Strategies — Akinmade

  The Ogun State Government has continued to take deliberate and measurable steps that place youth empowerment at the centre...

 

AGF, Ahmed Idris

The Economic and Financial Crime Commission (EFCC), on Wednesday, re-arraigned the suspended Accountant-General of the Federation (AGF), Ahmed Idris, and three others over alleged N109.5 billion fraud in an FCT High Court sitting in Maitama.

Other defendants are Olusegun Akindele, Mohammed Usman, and Gezawa Commodity Market and Exchange Limited.

They were first arraigned on July 22 before a vacation judge, Justice Adeyemi Ajayi, on a 13-count charge bordering on misappropriation to the tune of N109.5 billion.

However, upon the resumption of the court, the case was transferred to Justice Yusuf Halilu.

They all pleaded not guilty to the charge preferred against them by EFCC.

Following their not-guilty plea, counsel for Idris, Chris Uche, SAN, prayed the court to allow the defendants to continue to enjoy the earlier bail granted them by the court on July 28, adding that they have been complying with their bail conditions.

Counsel for other defendants aligned themselves with Uche’s application and submission.

The EFCC Counsel, Oluwaleke Atolagbe, did not object to the application.

He, however, left the decision to the court to exercise its discretion.

Ruling on the application, Justice Halilu held that bail is a constitutional right of a defendant.

He added that having been previously granted bail by the court, he is favourably inclined to allow the defendants to continue enjoying the early bail granted them by the court.

He, however, directed the defendants to submit their passports to the court’s registrar.

The judge added that if the documents are with the prosecution, they should pass same to the registrar.

Justice Halilu, therefore, adjourned the case until November 23 for hearing.

The EFCC alleged that between February and December 2021, Idris accepted from Akindele, a gratification of N15. 1 billion, which sum was a motive for accelerating the payment of 13 per cent derivation to the nine oil-producing states in the country, through the office of the Accountant-General of the Federation.

The anti-graft agency also alleged that N84.3 billion from the Federal Government’s account was converted by the first and second defendants between February and November 2021.

The EFCC said the offence contravenes sections 155 and 315 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990.

The defendants pleaded not guilty to the charges.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

A five-member panel of the Supreme Court, led by Justice Lawal Garba, last Friday ruled in favor of Fidelity...

Court Sets Aside Order Granting AMCON Power To  Enforce Receivership Over General Hydrocarbons

  The Lagos division of the Federal High Court has set aside an order for the Asset Management Corporation of Nigeria (AMCON) to enforce receivership over oil...

Why Gov. Abiodun Is Prioritising Youth-Led Security Strategies — Akinmade

  The Ogun State Government has continued to take deliberate and measurable steps that place youth empowerment at the centre of its approach to community...

Lagos Based Businessman  Pleaded  Guilty For Exporting 4.49 kg Cocaine,11.50kg Marijuana,  Sentenced  To 5 Years Imprisonment.

Justice Chukwujekwu  Aneke  of the Federal High Court ,Lagos on Friday  convicted and sentence a businessman,  Ezeh  Alexander  Uche to five years imprisonment  for...

Court Restrains Police From Harassing Businessman Over N5m  Indebtedness 

A Federal High Court sitting in Lagos presided over by Justice Ibrahim Kala has granted an order restraining the Police and it's agents from...
- Advertisement -

More Articles Like This

- Advertisement -