Agents from the Economic and Financial Crime Commission (EFCC) have arrested accountants of Sirajo Jaja, an accountant in Bauchi State, and charged money laundering and public fund transfers with a charge of 70 billion guilds.
Jaja was detained in Abuja on Wednesday, March 19, and was detained along with unlicensed local change operators, Aliyu Abubakar of Jasfad Resources Enterprise and point-of-sale operator Sunusi Sambo.
A source within the EFCC told Punch that massive financial misconduct of the suspects is being investigated, with records showing cash withdrawing 59 billion n59 billion n of various bank accounts related to the office of the General Accountant.
“They were arrested for investigations into money laundering, transfer of public funds and misappropriation of 70 billion guilds,” the source said.
The EFCC has stepped up its investigation into financial transactions related to the Bauchi State government and is concerned about how the alleged misappropriated funds will be relocated and utilized.
When comments were sought, EFCC spokesman Dele Oyewale confirmed the arrest but refused to provide additional details about the ongoing investigation.
