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EFCC: Suspended AGF Received a N15 billion bribe to expedite payment to oil-producing states

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Ahmed Idris, the suspended Accountant-General of the Federation (AGF), allegedly accepted a N15 billion bribe to hasten the transfer of 13 percent derivation money to oil-producing states, according to the Economic and Financial Crimes Commission (EFCC).

The 13 percent derivation fund, a benefit-sharing system, assists in allocating funding for community development.

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The fund is distributed by the state governments to oil-producing communities out of federation earnings, as per Nigeria’s constitution, section 162, subsection 2.

According to reports, in 2021 the 13 percent derivation formula resulted in the nine oil-producing states of Nigeria receiving a total of N450.60 billion from the federation account.

Delta, Akwa Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Lagos, and Abia are the states in question.

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The EFCC claims that Idris accepted N15,136,221,921.46 in total as cash from Olusegun Akindele for speeding the payment of the states’ 13 percent derivation.

Between February and November 2021, Akindele served as the Accountant General of the Federation’s Technical Assistant.

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

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Akindele, Mohammed Kudu Usman, Gezawa Commodity Market and Exchange Limited, and him will be docked on a 14-count allegation of theft and criminal breach of trust for a total of N109,485,572,691.9.

One of the allegations states: “That you, Ahmed Idris, between February and December 2021 at Abuja in the Abuja Judicial Division of the High Court of the Federal Capital Territory, being a public servant by virtue of your position as the Accountant General of the Federation, accepted from Olusegun Akindele, a gratification in the aggregate sum of N15,136,221,921.46 (Fifteen Billion, One Hundred and Thirty Six Million, Two Hundred and Twenty

 

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