Father, son arrested over missing N4 billion government fund

The Kano State government has ordered probe into the alleged missing N4 billion from its treasury.

Kano State Public Complaints and Anti-Corruption Commission (PCACC) confirmed the arrest of suspects for further investigation and arraignment in court.

The anti-grant, told News agency of Nigeria (NAN) that father and son in connection with the crime, but failed to disclose their names.

It alleged that N480 million was diverted using the bank account of Limestone Processing Link, managed by the founder of the Association of Compassionate Friends.

The sum of N400 million the amount, was allegedly used to open a fixed deposit account in the name of the principal suspect.

The prime suspect (father) is the founder of an NGO, the Association of Compassionate Friends and the sole signatory of a business account belonging to Limestone Processing Link.

The company’s bank account and that of the Association of Compassionate Friends were used to divert the Kano State government’s funds, PCACC said.

Kano State Public Complaints pursuant to Anti-Corruption Law (2008), procured a court order and confiscated and sealed the warehouses, which were unsealed by the suspect in contravention to the Kano State Public Complaints and Anti-Corruption Law (2008).

The action was in connection with the alleged misappropriation and diversion of more than N4 billion of Kano State’s funds paid as grants to Kano Agricultural Supply Company.

It agency arrested the prime suspect’s son, a co-signatory to a bank account belonging to the Association of Compassionate Friends to which N3.27 billion of Kano state’s funds were diverted.

PCACC also alleged that the association was registered with the Corporate Affairs Commission, but its objective did not include conducting commercial business.

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