A recent PREMIUM TIMES story exposes a massive financial scam involving senior executives of Nigeria’s Rural Electrification Agency (REA), saying that they misused nearly N1.2 billion in public cash.
According to the report, at the heart of the financial issue is a ‘cabal’ that always strives to control the agency’s finances and impede any efforts at reform by any agency chief executive.
According to the report, two of Nigeria’s most powerful anti-corruption agencies, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC), are currently investigating the alleged embezzlement of N1.2 billion in public funds by some of the agency’s top officials.
According to preliminary findings, the agency’s Managing Director, Ahmad Salihijo, initiated an administrative disciplinary investigation, which resulted in the suspension of at least five officers, according to PREMIUM TIMES.
The investigation also named the agency’s Director of Finance and Accounts (DFA), Abubakar Sambo, as the man at the center of the suspected fraud.
