Latest Breaking News On - Riminal breach of trust and money laundering idris allegedly received payments from godfrey olusegun akindele worth 15 1 billion nairas in exchange for accelerating payment to the 13 percent derivation funda benefit sharing system that helps communities get development funds it goes country 39s nine oil producing states former treasury chief was arraigned alongside - Page 1 : comparemela.com

KANO, Nigeria - The former head of Nigeria's Treasury was remanded Friday for his alleged involvement in diverting more than 109 billion Nigerian nairas (USD262 million). Justice Adeyemi Ajayi gave the order after the Economic and Financial Crimes Commission (EFCC) indicted Ahmad Idris on a 14-count charge including conspiracy, criminal breach of trust and money laundering. Idris allegedly received payments from Godfrey Olusegun Akindele worth 15.1 billion nairas in exchange for accelerating payment to the 13 percent derivation fund a benefit-sharing system that helps communities get development funds. It goes to the country's nine oil-producing states. The former Treasury chief was arraigned alongside Olusegun Akindele, Mohammed Kudu Usman and Gezawa Commodity Market and Exchange Limited. EFCC counsel Rotimi Jacobs pleaded with the court to grant the prosecution time to prepare additional criminal charges. But Idris' lawyer, Chris Uche, asked the court to grant bail to h

Abuja federal capital territoryRotimi jacobsOlusegun akindeleJustice adeyemi ajayiGodfrey olusegun akindeleAhmad idrisChris ucheFinancial crimes commissionAdeyemi ajayiMohammed kudu usmanGezawa commodity marketIgeria the former head of nigeria 39s treasury was remanded friday for his alleged involvement in diverting more than 109 billion nigerian nairas usd262 million justice adeyemi ajayi gave order after economic and financial crimes commission efcc indicted ahmad idris ona 14 count charge including conspiracyRiminal breach of trust and money laundering idris allegedly received payments from godfrey olusegun akindele worth 15 1 billion nairas in exchange for accelerating payment to the 13 percent derivation funda benefit sharing system that helps communities get development funds it goes country 39s nine oil producing states former treasury chief was arraigned alongsideOhammed kudu usman and gezawa commodity market exchange limited efcc counsel rotimi jacobs pleaded with the court to grant prosecution time prepare additional criminal charges but idris 39 lawyerChris ucheSked the court to grant bail his client pendinga formal written application he said had take next available flight from kano appear for trial in nation 39s capital