fbpx EFCC Detains Ex-Finance Minister & Ex-Secretary of Ministry Of Labour | The Beat 99.9 FM

The former Finance Minister, Mrs. Esther Nenadi Usman, was Thursday taken into custody by operatives of the Economic and Financial Crimes Commission (EFCC) for allegedly receiving N2.5 billion of the N4 billion taken out of the Central Bank of Nigeria (CBN) on the orders of the former National Security Adviser, Sambo Dasuki, during the 2015 election. Arrested as well was former Permanent Secretary in the Ministry of Labour, Mr. Clement Iloh, for obtaining a questionable N316 million from public account.


They were both questioned by the EFCC top sources over the alleged corruption. According to the discoveries, the former minister is being interrogated over the sums of money paid into her account over her tenure as Senator. She was said to have received N2.5 billion of the over N4 billion which was transferred out of CBN into various individuals and company’s accounts. Illoh was arrested by the EFCC after N316 million was traced to his Zenith Bank account.


EFCC is said to have discovered that N14.1 million was paid to Clement & Bob Associates, a company in which Dr. Iloh is the sole signatory. It was also discovered that the sum of N49 million and N13 million were also paid into Clement & Bob Associates account from the now defunct Subsidy Reinvestment Programme (SURE P). Iloh has been unable to provide satisfactory answer on how he came about the said N316 million in which he has the sum of N200 million in fixed deposit and over N16 million as balance in Zenith Bank.

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