Former Accountant General Arraigned For N109 billion Laundering

The Economic and Financial Crimes Commission, EFCC, has arraigned a former Accountant General of the Federation, Ahmed Idris and three others before Justice Adeyemi Ajayi of the High Court of the Federal Capital Territory sitting in Maitama.

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

The defendants are being prosecuted on a 14-count charge of stealing and criminal breach of trust to the tune of N109 billion.

They pleaded not guilty to all the charges read before them.

Counsel to the defendant, Chief Chris Uche prayed to the court for an oral bail application.

Read Also: Court Grants Alleged Fraudster, Kolawole Erinle N50m Bail

The Prosecution Counsel, Mr. Rotimi Jacobs, SAN, opposed the request arguing that the bail application must be in written form.

After listening to their argument, Justice Ajayi ordered Ahmed Idris and two others to be remanded at the custody of the Kuje Correctional Service pending the hearing of their bail applications.

The matter has been adjourned till Wednesday, next week to hear their bail applications.

Among other things, the EFCC alleged that Ahmed Idris had between February and December, last year, accepted from one Olusegun Akindele, a gratification of over N15 billion which was converted to the United States Dollars by the said Akindele and which sum did not form part of the lawful remuneration but as a motive for accelerating the payment of 13% derivation to the nine oil producing Sates in the Federation, through the office of the Accountant General of the Federation, and thereby committed an offence contrary to Section 155 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990 and punishable under the same section.

Wahab Akinlade

Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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