Former Minister Of Water Resources and 4 Others Docked for N500m Fraud

EFCC today May 22, arraigned a former Minister of Water Resources Mukhtar Shehu Shagari alongside four others before Justice Idrissa Kolo of the Federal High Court Sokoto on a five count charge of Conspiracy and Money Laundering to the tune of N500,000,000.

Min.Of.Water.Resources
Min.Of.Water Resources

Charged along with the former minister are Senator Abdullahi Mohammmed Wali, Ibrahim Gidado,  Nasiru Dalhatu Bafarawa and Ibrahim Milgoma.

Trouble started for the defendants after the Commission received intelligence that the accused person received various sums from the $115m allegedly disbursed by a former Minister of Petroleum Resources, Deizani Allison Madueke to senior members of the Peoples Democratic Party and officials of the Independent National Electoral Commission, INEC, to influence the outcome of the 2015 presidential elecvtion.

The defendants allegedly benefitted the sum of N500,000,000 (Five Hundred Million Naira Only) which was not distributed through any financial institution in flagrant violation of provisions of the Money Laundering Prohibition Act.

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