N4 Billion Fraud: Kano PCACC Arrests Principal Suspect

The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has confirmed the arrest of one Bala Muhammad Inuwa as the alleged principal suspect in the ongoing investigation into the diversion of over N4 billion belonging to the Kano State Government.

Inuwa was reportedly arrested after he broke into sealed warehouses that were confiscated, pursuant to Section 40 of the Kano State Public Complaints and Anti-Corruption Law 2008 (as amended), an action which is also sanctioned by the order of the court.

A statement signed yesterday, by Kabir Abba Kabir, the Special Adviser, Media, to the chairman of the commission, Muhuyi Magaji Rimingado, noted that Inuwa was the founder of the Association of Compassionate Friends and the sole signatory of a business entity, Limestone Processing Link, which was allegedly used for the diversion of the said fund.

The commission alleged that Inuwa, a co-signatory who, along with his father, misappropriated and diverted the sum of ₦3,275,685,742.00 through the bank accounts of the Association of Compassionate Friends, an association which was registered under Part C of the Companies and Allied Matters Act, and whose objective does not include conducting any kind of business.

The statement added that: “The sum of N480,000,000.00 was diverted through the bank account of a business name ‘Limestone Processing Link’, which is being managed by the founder of Association of Compassionate Friends, out of which N400,000,000.00 was allocated as a fixed deposit and some amounts were transferred to bank account bearing the name of Bala Mohammed Inuwa.

“The suspects will soon be charged to court.”

Ganduje’s Emergence As National Chairman Has Confirmed APC As Party Of Thieves And Looters – PDP

Meanwhile, the Peoples Democratic Party (PDP) has mocked the ruling All Progressives Congress (APC) over the emergence of former Kano State Governor, Abdullahi Ganduje, as the party’s national chairman.

The opposition party, in a statement on Thursday evening, signed by its national publicity secretary, Debo Ologunagba, said the appointment of Ganduje as APC chairman despite the corruption and bribery allegations hanging on his neck shows the ruling party is a party of thieves and treasury looters.

The PDP recalled that Ganduje is still under investigation by the Kano State Public Complaints and Anti-Corruption Commission (PCACC), and his appointment speaks volumes about the kind of people in APC.

According to the PDP, even the people of Kano State have rejected Ganduje, and the new APC national chairman should be investigated by the Economic and Financial Crimes Commission (EFCC).