N2.5billion ‘Fraud’: Udenwa, Fani-Kayode To Face the Music

Fani-Kayode
Economic and Financial Crimes Commission (EFCC) detectives yesterday arrested former Imo State Governor Achike Udenwa over the disbursement of a huge sum of money during the 2015 presidential election.

Out of the N4billion withdrawn from the Central Bank of Nigeria (CBN), N2.5 billion was paid into the accounts of six chieftains of the Peoples Democratic Party (PDP), including Udenwa, and the Goodluck Support Group (GSG).

As of last night, Udenwa was still being detained at the Lagos State office of the anti-graft agency, which has launched a manhunt for a former Minister of Aviation, Chief Femi Fani-Kayode. Of the six people implicated in the scandal, only a former Minister of Finance, Mrs. Nenadi Usman, has been grilled by detectives.

The details of how the cash was disbursed are: Fani-Kayode (N840million); Goodluck Support Group (N320million); Achike Udenwa and Viola Onwuliri (N350million); Nenadi Usman (N140million); Olu Falae(N100m) and Okey Ezenwa (N100million).