The Economic and Financial Crimes Commission (EFCC) has released former Sokoto State governor and serving senator, Aminu Waziri Tambuwal, on administrative bail following his detention over an alleged N189 billion fraud.
Tambuwal, who was taken into custody on Monday after honouring an EFCC invitation, faced questioning over “suspicious” withdrawals from Sokoto State government accounts during his tenure. He regained his freedom on Tuesday.
According to EFCC sources, a total of N189,155,043,825.09 was allegedly withdrawn between January 1, 2015, and August 31, 2021, from three key state accounts — the Federation Account Allocation Committee (FAAC) account, the Government House account, and the Secretary to the State Government (SSG) account.
Financial profiling by investigators revealed that out of N567,160,024,619.93 credited to the accounts within the period, about N189 billion was allegedly diverted to government officials, presumed cashiers, private individuals, companies, and other entities.
The EFCC is reportedly widening its probe to cover other Sokoto State accounts, certain government officials, and suspected cashiers.
Investigators are also scrutinising FAAC allocations to microfinance banks, including Nagarta Microfinance Bank and Bilya Micro System.
