Latest

N500BN MONEY LAUNDERING: EFCC DETAINS ENERGY COMMISSION DG

The Director-General of the Energy Commission of Nigeria, Dr Mustapha Abdullahi, has been arrested by operatives of the Economic and Financial Crimes Commission over alleged money laundering involving about N500bn.

Sources within the anti-graft agency disclosed on Wednesday that Abdullahi was taken into custody in Abuja as investigations into the alleged financial crimes continue.

According to an official familiar with the matter, the case involves funds estimated at N500bn allegedly linked to suspicious transactions.

“We have arrested the Director-General of the Energy Commission of Nigeria, Dr Mustapha Abdullahi, for money laundering offences. He was arrested and is currently in our custody. The money is to the tune of N500bn,” the official said.

Efforts to obtain an official reaction from the EFCC spokesperson, Dele Oyewale, were unsuccessful as he could not be reached at the time of filing this report.

President Bola Tinubu had appointed Abdullahi as Director-General of the Energy Commission of Nigeria on October 24, 2023.

More details later.