Alleged N1.84bn fraud: ICPC arraigns REA Finance Director, Sambo

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Monday, arraigned Abubakar Sambo, Director of Finance and Account of the Rural Electrification Agency (REA) for alleged fraud to the tune of N1.84 billion.

Sambo was arraigned before Justice Bolaji Olajuwon of a Federal High Court, Abuja on a three-count charge for allegedly diverting the funds to personal accounts.

He, however, pleaded not guilty to the counts and ICPC’s counsel, Osuobeni Akponimisingha, prayed to the court for a trial date.

But Sambo’s lawyer, Isiaka Dikko, SAN, informed the court of the defendant’s bail application which had already been filed.

Since Akponimisingha did not oppose the bail plea, Justice Olajuwon admitted Sambo to a N200 million bail with two sureties in the like sum.

The judge held that the sureties must have landed property within the jurisdiction of the court with original certificates of occupancy (CofO) which must be deposited with the deputy chief registrar of the court.

She equally ordered that sureties to provide affidavits of their tax clearance in the last three years with a one passport photograph each.

Justice Olajuwon adjourned the matter until Oct. 17 for trial commencement.

The News Agency of Nigeria (NAN) reports that the anti-corruption commission had, in the charge marked: FHC/ABJ/CR/209/2024, sued Abubakar Abdullahi Sambo as sole defendant.

In the charge dated May 8 but filed May 10 by Akponimisingha, an Assistant Chief Legal Officer in the commission, the ICPC alleged that Sambo sometime in March 2023 or thereabout while being the Payment Finalizer on the Government integrated Financial Management Information System (GIFMIS) platform of REA did finalise the payment of the totai sum of N1.84 billion (N1,835,000,000.00).

It alleged that the funds were done in different tranches for the use of Henrrientta Onomen Okojie, Asuni Adejoke Aminat, Usman Kwakwa, Laure Shehu Abduilahi, Emmanuel Pada Titus and Musa Umar Karaye for a purported project supervision exercise without requisite approval, thereby contributing to the economic adversity of the REA.

It alleged that the funds were done in different tranches for the use of Henrrientta Onomen Okojie, Asuni Adejoke Aminat, Usman Kwakwa, Laure Shehu Abduilahi, Emmanuel Pada Titus and Musa Umar Karaye for a purported project supervision exercise without requisite approval, thereby contributing to the economic adversity of the REA.