Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


EFCC probes N4b deposits in ex-finance minister’s account

25 April 2016, 18:48

Abuja - The Economic and Financial Crimes Commission (EFCC) has discovered that about N4billion was channeled through the account which former Finance Minister Mrs. Nenadi Usman operated for  campaign funds purposes.

The account is titled “Joint Trust Dimension Nigeria Limited”. A substantial part of the funds was disbursed to Peoples Democratic Party (PDP) chieftains ahead of last year’s general elections.

Usman, who has been detained since last Thursday, is being interrogated by operatives of the anti-graft agency in Lagos.

She was arrested on Thursday for allegedly receiving N2.5bn from the Central Bank of Nigeria and paying same into the accounts of six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG).

The former Finance Minister had been on the radar of the EFCC for several weeks but she travelled out of the country on March 13, 2016 thereby stalling investigations.

Usman who was a former lawmaker was said to have allegedly collected $400 000 (over N120 million) from the office of the national security adviser (ONSA) to alter the results of the presidential election from Yobe, Borno, Bauchi, Adamawa, Gombe and Kano.

It was learnt that the ex-minister diverted the cash into personal commitments instead of using it to bribe officials of the Independent National Electoral Commission (INEC) to falsify the results.

Source: Nation

- News 24

Tags efcc nigeria

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...