Massive fraud running into over N12 billion is currently rocking the Rural Electrification Agency (REA) where the former managing director, Ahmad Salihijo Ahmad, is alleged to have misappropriated the funds.
This is according to an interim investigation report on an alleged case of criminal conspiracy, criminal breach of trust, misappropriation of public funds, procurement fraud and money laundering reported to the anti- graft commission via a written petition against the managing director, executive director corporate services, Olaniyi Netufo, and other management and staff of the agency, as obtained by LEADERSHIP Friday.
The case was handled by a Special Duty Committee II investigating the activities of the agency.
The complainant (whose name was not mentioned) alleged serious malfeasance at the REA under the leadership of Ahmad, who is alleged to have 37 bank accounts linked to his biometric verification number (BVN), which also show discrepancies in his date of birth.
Other allegations include, “In the asset declaration forms with the Code of Conduct Bureau, Ahmad claimed to have only two accounts, thereby contradicting the 37 accounts actually linked to him.
“That in June 2023, N300 million was reportedly siphoned under the guise of a training programme which was awarded to Braintask Value Resources Limited and Cess Assist Resources Limited while payments in the sum of N139 million made to each of the two companies.
Credit:Leadership Newspaper
