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N450m Diezani bribe: Ex-finance minister Yuguda detained

12 May 2016, 16:27

Abuja - The Economic and Financial Crimes Commission has detained a former Minister of Finance, Ambassador Bashir Yuguda, over his alleged involvement in the $115m (N23bn) bribe which was distributed by a former Minister of Petroleum Resources, Diezani Alison-Madueke, Punch reports.

The slush funds which was distributed through Fidelity Bank Plc, was said to have been used to bribe officials of the Independent National Electoral Commission during the 2015 presidential election.

The money was meant to make the officials alter the results of the presidential elections.

Also read: Diezani’s $115 million bribe: Former Akwa Ibom governor arrested

EFCC said that the ex-minister who is a chieftain of the Peoples Democratic Party, allegedly diverted N450m out of the money.

Yuguda who was arrested last year, allegedly received N1.5bn from the former National Security Adviser’s office through an unnamed company, for unstated purpose.

Source: Punch

- News 24


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