Home Anti Corruption Suspended AGF Got N15bn Bribe to Fast-Track Payment to Oil-Producing States – EFCC

Suspended AGF Got N15bn Bribe to Fast-Track Payment to Oil-Producing States – EFCC

by STALLION TIMES
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Suspended -AGF Ahmed Idris

The Economic and Financial Crimes Commission (EFCC) said the suspended Accountant-General of the Federation (AGF), Ahmed Idris, received N15 billion bribe to fast track 13% derivation funds to oil-producing states.

The 13% derivation fund is a benefit-sharing system from the federation revenue to oil-producing communities through the state governments as enshrined in section 162, sub-section 2 of the Nigerian constitution.

The fund is meant for the development of oil-producing communities.

Reports show that the nine oil-producing states in Nigeria shared N450.60 billion from the federation account through the 13 percent derivation formula in 2021.

The states are Delta, Akwa Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Lagos, and Abia.

The anti-graft agency said Idris accepted from Olusegun Akindele, a gratification in the aggregate sum of N15,136,221,921.46 for accelerating the payment of 13% derivation to the states.

Akindele was a Technical Assistant to the Accountant General of the Federation between February and November 2021.

Idris is expected to appear before Justice A.O. Adeyemi Ajayi of the Federal Capital Territory High Court, Abuja on Friday, July 22, 2022.

He is to be docked alongside Akindele, Mohammed Kudu Usman, and Gezawa Commodity Market and Exchange Limited on a 14-count charge of stealing and criminal breach of trust to the tune of N109,485,572,691.9.

(withinnigeria)

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