Kano Anti-graft Agency Apprehends Businessman over N4bn Fraud

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The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has apprehended the principal suspect, one Bala Mohammed, in connection with alleged fraudulent diversion of over N4 billion belonging to the State Government.

Inuwa is the founder of Association of Compassionate Friends and the sole signatory of a business named Limestone Processing Link, allegedly used primarily for the diversion of the fund.

The Commission’s Chairman, Muhiyi Magaji Rimin Gado, in a statement noted that Inuwa was arrested after breaking into sealed warehouses that were confiscated pursuant to Section 40 of the Kano State Public Complaints and Anti-Corruption Law 2008 (as amended). “The seizure was in connection with the alleged criminal misappropriation, diversion, and making false statement or return of over N4,000,000,000.00 Kano State Government funds remitted to the Kano Agricultural Supply Company (KASCO) as grant.

“Also in custody is Bala Inuwa Muhammed (Jr), a co-signatory who along with his father allegedly misappropriated and diverted 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 the bank accounts of the Association of Compassionate Friends.

“The Association which was registered under Part C of the Companies and Allied Matters Act and whose objective does not include conducting any kind of business, ” the statement added.

“The sum of Four Hundred and Eighty Million Naira (N480,000,000.00) was diverted through the bank account of a business name ‘Limestone Processing Link’ which is being managed by the founder of Association of Compassionate Friends.

“Out of which 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” the statement added.

Ahmad Sorondinki

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