HomeCover StoriesMissing 4bn: Kano Anti-Corruption Commission arrests prime suspect

Missing 4bn: Kano Anti-Corruption Commission arrests prime suspect

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The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has made a significant breakthrough in an ongoing investigation into the fraudulent diversion of over N4 billion belonging to the Kano State Government.

According to the press release issued by Kabir Abba Kabir, the Special Adviser, Media & Publicity for the Executive Chairman of PCACC, one Bala Muhammad Inuwa, the founder of Association of Compassionate Friends and sole signatory of Limestone Processing Link, has been arrested as the principal suspect.

Inuwa was apprehended after he broke into sealed warehouses, which were confiscated in compliance with Section 40 of the Kano State Public Complaints and Anti-Corruption Law 2008 (as amended) and under the authorization of a court order.

The press release stated, “The seizure is in connection with the alleged criminal misappropriation, diversion, and making false statement or return of over Four Billion Naira (N4,000,000,000.00) Kano State Government funds remitted to the Kano Agricultural Supply Company (KASCO) as grant.”

Daily News 24 reports that the commission also took into custody Bala Inuwa Muhammed (Jr), a co-signatory with his father, for their involvement in misappropriating and diverting the sum of Three Billion Two Hundred and Seventy-Five Million Six Hundred and Eighty-Five Thousand Seven Hundred and Forty-Two Naira (N3,275,685,742.00) through bank accounts associated with the Association of Compassionate Friends.

The association, registered under Part C of the Companies and Allied Matters Act, has objectives that do not encompass any form of business activities.

Additionally, it was revealed that the sum of Four Hundred and Eighty Million Naira (N480,000,000.00) was diverted through the bank account of ‘Limestone Processing Link’, managed by the founder of the Association of Compassionate Friends.

The press release cited, “Four Hundred Million Naira (N400,000,000.00) was allocated as a fixed deposit, and some amounts were transferred to a bank account bearing the name of Bala Mohammed Inuwa.”

Kabir Abba Kabir confirmed that “the suspects will soon be charged to court.”

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