EFCC arrests former Finance Minister, Yuguda, others

Bashir Yugudu

Former Minister of State for Finance, Mr. Bashir Yuguda was arrested in Abuja and taken into custody, Monday with other suspects by the Economic and Financial Crimes Commission (EFCC) over the controversial arms procurement scandal surrounding former National Security Adviser, Sambo Dasuki.

According to Premium Times, Yududa’s arrest was in connection with a huge amount of money; “running into billions” traced to him from funds meant for arms procurement.

“The funds were directly transferred to him from the NSA office and he has been unable to explain the rationale for the transfer,” a source said.

YOU MAY ALSO LIKE:   Obanikoro returns stolen N134m to EFCC

“The transfers were made to his account between December 2014 and May 2015.”

“The suspects are being grilled by crack detectives and may not be allowed to go home soon,” one source said.

Kindly share this story

Similar Posts

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.