• Wednesday, February 21, 2024
businessday logo

BusinessDay

EFCC arrests ex-Power Minister Mamman over alleged N22bn fraud

EFCC arrests ex-Power Minister Mamman over alleged N22bn fraud

The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Power, Sale Mamman over alleged N22 billion fraud.

Competent sources revealed that the former minister was arrested on Wednesday and detained at the EFCC headquarters, Abuja.

The sources said that the arrest was in connection with the ongoing investigation by EFCC into alleged corruption in the execution of some power projects

Read also: Zurab Pololikashvili pays glowing tribute to outgoing Nigeria’s Minister of Information, Culture

According to sources, the minister was alleged to have conspired with a member of staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro Electric Power projects and diverted N22 billion.

The two allegedly shared the money among themselves.

”The investigations have also uncovered properties in Nigeria and overseas linked to the suspects, while millions of naira and United States Dollars have been recovered,” said sources.

Mamman, a native of Taraba, was appointed minister by President Muhammadu Buhari on Aug. 21, 2019, and was fired on Sept. 1, 2021.