TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

N3.1bn alleged fraud: Ex-minister travels out as EFCC closes in

The Citizen by The Citizen
March 16 2016
in Headlines, Latest News, Uncategorized
A A
0

A former minister has sneaked out of the country as the Economic and Financial Crimes Commission (EFCC) closed in on the suspected architects of an alleged N3.145b fraud, The Nation learnt yesterday.

Six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG) have been named in the investigations.

The cash, meant for the funding of the campaign of former President Goodluck Jonathan  was drawn on the orders of the Presidential Villa and paid into a coded account tagged Ministry of External Affairs (MEA) Library.

The account was said to have been deployed by the Presidential Villa (allegedly on Dr. Jonathan’s instructions) and the Office of the National Security Adviser (ONSA) for “strategic assignments”.

Some of the key suspects, including some bureaucrats, have offered to return the funds, even as the EFCC plans to invite some of those implicated for interrogation “any moment from now”.

According to sources, the former minister left the country on Sunday, her destination unknown – as at press time.

A source, who spoke in confidence “in order not to jeaopardise the investigation”, said: “The EFCC has been on the case for some time and one or two of the suspects at a point came to make statements. But one of the former ministers who, was also connected with the matter has jetted out.

“The ex-minister left the country quietly on Sunday. No one can say her actual destination and whether or not it was a routine trip abroad or a self-imposed exile.

“The reality is that there is no hiding place for any former public officer. Wherever a suspect is, the EFCC will repatriate such a person.”

It was confirmed last night that the N3.145 billion was drawn from the Central Bank of Nigeria (CBN) following directives from the Presidential Villa.

The cash was wired into the coded account.

It was learnt that after the withdrawal of the cash from CBN, an account was provided by the Director of Finance of the PDP Presidential Campaign, former Minister Nenadi Usman, for disbursement to beneficiaries.

Another source added: “The CBN released the funds based on orders from the Presidential Villa. Some documents on the withdrawal have been obtained by the EFCC.

“From the preliminary investigation, MEA was a coded account used by the Presidential Villa and the Office of the National Security Adviser (ONSA) for strategic assignments, including funding of the re-election campaign of ex-President Goodluck Jonathan.

“After the cash was moved to MEA account, it was moved into the account of Joint Trust Dimension Nigeria Limited, which was allegedly provided by ex-Minister Nenadi Usman.

“In fact, some of the bureaucrats connected with the withdrawal of the funds from the CBN have not been comfortable. Some suspects have actually offered to return the cash quietly to EFCC.

“I am aware that some persons have made statement to the EFCC on what they knew about the deal. But most of the beneficiaries have not been quizzed. They will soon be invited by the EFCC for interrogation and how to return the money.”

The beneficiaries include a former Minister of Aviation, Chief Femi Fani-Kayode (N840m); a former Secretary to the Government of the Federation and leader of the Social Democratic Party, Chief Olu Falae (N100m); a former Minister of Finance, Nenadi Usman(N36.9m); a former Imo State Governor, Chief Achike Udenwa and a former Minister of State for Foreign Affairs, Mrs. Viola Onwuliri(N350m)  and Okey Ezenwa(N100m).

One of the beneficiaries, who spoke in strict confidence, said: “The cash was actually N2billion as reported to the campaign directorate.

“When ex-Minister Nenadi Usman briefed us, some of us insisted on knowing the source(s) of the funds. In fact, somebody asked repeatedly whether or not the cash was from public funds but she told us that the money came from some private individuals. She disclosed some names behind the so-called “donation.”

“Having heard that the cash was donated to the campaign, we decided to use it for that purpose. None of us knew that the money came from the CBN and it was also disbursed through a company’s account which Nenadi Usman said she had been using for her campaign.

“Now, we are just realizing that the N3.145billion was drawn from the CBN. It is just unfortunate. Some of us would have rejected the cash if we knew it came from the apex bank.” The Nation

Previous Post

Inflation soars to 3-year high in February

Next Post

Buhari vows ‘no mercy’ in pursuit of looters

Related Posts

Terror kingpin Bello Turji gloats over killing soldiers
Latest News

Terror kingpin Bello Turji gloats over killing soldiers

June 21 2026
Igboho recommends new strategy to achieve Yoruba nation
Latest News

Police, Oyo LG deny release of kidnap victims after Igboho’s ultimatum

June 21 2026
Oyebanji wins re-election as Ekiti State governor
Latest News

Oyebanji wins re-election as Ekiti State governor

June 21 2026
Insecurity: Govs seek swift establishment of state police
Governance

Insecurity: Govs seek swift establishment of state police

June 19 2026
FG to allow journalists join troops during military operations
Headlines

FG to allow journalists join troops during military operations

June 19 2026
FG rules out fuel, telecom taxes despite IMF recommendation
Business

FG rules out fuel, telecom taxes despite IMF recommendation

June 17 2026
Next Post

Buhari vows ‘no mercy’ in pursuit of looters

US elections: I don't trust Hillary Clinton on climate change - Naomi Klein

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Auto Draft

Bandits kill Katsina businessman after N5m ransom payment

by The Editor
June 17 2026
0

Air Force officers beat Lagos driver to death after minor crash

Air Force officers beat Lagos driver to death after minor crash

by The Editor
June 16 2026
0

Judgement on filming police deepens freedoms – Punch

Police arrest pregnant woman for supplying logistics to Abuja kidnappers

by The Editor
June 15 2026
0

GLOBAL NEWS

Israel, Hezbollah agree to ceasefire

Israel, Hezbollah agree to ceasefire

by The Editor
June 19 2026
0

...

US bids goodbye to Air Force One as Trump’s Qatari jet awaits takeoff

US bids goodbye to Air Force One as Trump’s Qatari jet awaits takeoff

by The Editor
June 19 2026
0

...

Fear heightens as deadline for migrants to leave South Africa looms

Fear heightens as deadline for migrants to leave South Africa looms

by The Editor
June 17 2026
0

...

Somaliland opens Jerusalem embassy after Israel’s recognition of independence

Somaliland opens Jerusalem embassy after Israel’s recognition of independence

by The Editor
June 17 2026
0

...

UK bans U-16s from social media

UK bans U-16s from social media

by The Editor
June 15 2026
0

...

State of the States

Ekiti election: Police restrict movement on Saturday, exempt exam candidates

Ekiti election: Police restrict movement on Saturday, exempt exam candidates

by The Editor
June 19 2026
0

...

Lagos shuts Iddo Bridge for repairs

Lagos shuts Iddo Bridge for repairs

by The Editor
June 17 2026
0

...

Kano closes schools for Eid-el-Kabir

Islamic New Year: Kano declares Tuesday public holiday

by The Editor
June 15 2026
0

...

Kinsmen honour Gov. Mbah at grand reception

Kinsmen honour Gov. Mbah at grand reception

by The Editor
June 15 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
How Otti convinced Tinubu to back Abia Int’l Airport project – Keyamo

How Otti convinced Tinubu to back Abia Int’l Airport project – Keyamo

June 21 2026
North-Central stakeholders demand return of APC National Chairman slot

APC sweeps Ondo, Nasarawa, Kano, Kebbi by-elections as PDP holds Rivers seat

June 21 2026
Terror kingpin Bello Turji gloats over killing soldiers

Terror kingpin Bello Turji gloats over killing soldiers

June 21 2026
Serena Williams gets Wimbledon singles wildcard

Serena Williams gets Wimbledon singles wildcard

June 21 2026

EDITORIAL REVIEW

Constitution Review: NASS targets Dec 25 for 1st alterations

NASS jumbo pay under scrutiny, again – Punch

by The Editor
June 19 2026
0

Waste crisis in states – Punch

Waste crisis in states – Punch

by The Editor
June 17 2026
0

Party primaries of discontent – Punch

Party primaries of discontent – Punch

by The Editor
June 15 2026
0

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Opinion

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.