Former governor remanded in EFCC custody over N5.7 billion fraud

Posted by Habibu Aminu, Katsina | 25 April 2018 | 1,424 times

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•Ibrahim Shehu Shema

 

Former Governor of Katsina state, Ibrahim Shema, has been remanded in the Economic and Financial Crime Commission's (EFCC) custody till April 27.

Shema ‎had pleaded not guilty to all ‎the 26-count charges on alleged conspiracy and money-laundering of about N5,776,552,396 of Subsidy Re-investment and Empowerment Programme (SURE-P) as charged by the EFCC.

One of the charges read: “That you Ibrahim Shema whilst being the executive governor of Katsina state. And one Idris Kwado (now at large) between June, 2014 and May 2015 at Katsina in Katsina state within the jurisdiction of this honourable court did conspire to commit an offence to launder money and thereby committed an offence contrary to section 18(a) of the Money Laundering (prohibition) Act 2011 (as amended by the Money Laundering (Prohibition) Amendment Act 2012 and punishable under section 15(3) of the same act.”

Already, Shema, alongside three others are facing another 24-count charge at the State High Court on alleged financial misdemeanor of about N11billion brought by the EFCC.  

Text (excluding headline) culled from Dailytrust

 


Source: News Express

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