EFCC Cracks Down on Alleged N70 Billion Fraud in Bauchi State
The Economic and Financial Crimes Commission (EFCC) has made a significant breakthrough in its fight against corruption with the arrest of the Accountant General of Bauchi State, Sirajo Jaja. The arrest, which took place in Abuja on Wednesday, is part of an ongoing investigation into alleged money laundering, diversion of public funds, and misappropriation of state resources amounting to a staggering N70 billion.
Who Was Arrested?
In a statement released by EFCC spokesman Dele Oyewale, the anti-graft agency disclosed that Jaja was arrested alongside two other individuals:
- Aliyu Abubakar – An unlicensed Bureau de Change (BDC) operator from Jasfad Resources Enterprise.
- Sunusi Ibrahim Sambo – A Point of Sale (PoS) operator.
The arrests are linked to a complex web of financial transactions allegedly involving the diversion of state funds for personal and political gains.
The Allegations: How N70 Billion Was Diverted
According to the EFCC, preliminary investigations have uncovered shocking details of how public funds were siphoned from Bauchi State’s coffers. Key findings include:
- N59 Billion in Cash Withdrawals: The Accountant General allegedly made cash withdrawals totaling N59 billion through various bank accounts operated on behalf of the state government.
- Funds Funneled to BDC and PoS Operators: The withdrawn funds were reportedly moved to Aliyu Abubakar and Sunusi Ibrahim Sambo, who then made cash payments to party agents and associates of Bauchi State Governor Bala Mohammed.
The EFCC is also investigating Governor Bala Mohammed’s alleged involvement in the scandal, though no charges have been filed against him at this stage.
A Repeat Offender: Aliyu Abubakar Rearrested
Aliyu Abubakar, the unlicensed BDC operator, had previously jumped bail but was rearrested by the EFCC. His involvement in the case underscores the agency’s determination to bring all suspects to justice, regardless of their attempts to evade arrest.
EFCC’s Commitment to Justice
Dele Oyewale reiterated the EFCC’s commitment to tracing and recovering the diverted funds. “We are committed to ensuring that those found culpable face the full weight of the law,” he said. The agency has vowed to leave no stone unturned in its investigation, which is still ongoing.
Read Also: “Mark Angel Appeals to Rivers State: Why Protesting the State of Emergency is Not the Answer”
What’s Next?
The suspects remain in EFCC custody for further questioning as the investigation continues. The anti-graft agency is expected to:
- Trace the Flow of Funds: Uncover how the N70 billion was moved and identify all parties involved.
- Recover Stolen Assets: Ensure that the diverted funds are returned to the state’s coffers.
- Prosecute Culpable Individuals: Bring charges against those found guilty of financial misconduct.
Implications for Bauchi State
This scandal has sent shockwaves through Bauchi State, raising serious concerns about governance and accountability. The alleged misappropriation of N70 billion, a significant portion of the state’s resources, could have far-reaching consequences for public services and development projects.
A Message from the EFCC
The EFCC’s actions send a strong message to public officials and private individuals alike: corruption will not be tolerated, and those who engage in financial misconduct will be held accountable. As the investigation unfolds, Nigerians will be watching closely to see how this high-profile case is resolved.
