The Economic and Financial Crimes Commission (EFCC) has tracked and frozen N30 billion of the N44 billion moved from the accounts of the National Social Investment Programme Agency (NSIPA) to multiple accounts by some NSIPA officials.
New Telegraph gathered that the development had led the operatives of the anti-graft agency to begin an investigation of some top officers of the agency over the suspicious movement of N44 billion from NSIPA’s accounts into private and corporate accounts linked to those serving as fronts
This news platform had earlier reported that EFCC interrogators have taken into custody the suspended National Coordinator/Chief Executive Officer (CEO) of the agency, Halima Shehu.
The commission also arrested NSIPA’s immediate past Director of Finance and Accounts (DFA), Bwai Adamu Hamza, who retired in December.
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Umar-Farouq was invited for interrogation over the alleged laundering of N37, 170,855,753.44 during her tenure through a contractor, James Okwete. The former minister denied the allegations.
Investigations showed that the ongoing probe of NSIPA assumed a new dimension following the discovery that the total cash taken out of the agency’s vaults was N44 billion.
As of Tuesday, the agency had intercepted and seized N17 billion.
Within 24 hours, the commission traced and froze an additional N13 billion in some accounts, raising the cash seized to N30 billion.
Speaking to The Nation, a source said the EFCC Executive Chairman, Ola Olukoyede, was personally leading the probe.
The source said:
Quote
“After hours of interrogation and profiling of many accounts, the EFCC was able to confirm that unauthorised N44 billion was suspiciously moved out of NSIPA’s account to some private and corporate accounts.
“Our operatives are on the trail of the owners and alleged fronts or firms used to siphon the cash.
“Records showed that the N44 billion was hurriedly moved out of NSIPA’s account in one week.”
“Based on the new focus of the EFCC chairman, Halima was, on compassionate ground, allowed to go home at about 11 pm on Tuesday. She reported for another round of interaction yesterday.
“For Hamza, the EFCC arrested him following intelligence that he might travel out of the country for an engagement.”
“Our operatives are on the trail of the owners and alleged fronts or firms used to siphon the cash.
“Records showed that the N44 billion was hurriedly moved out of NSIPA’s account in one week.”
“Based on the new focus of the EFCC chairman, Halima was, on compassionate ground, allowed to go home at about 11 pm on Tuesday. She reported for another round of interaction yesterday.
“For Hamza, the EFCC arrested him following intelligence that he might travel out of the country for an engagement.”
“Immediately Hamza retired, Halima appointed him as a Special Adviser on Finance. He was expected to resume work on Tuesday.
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