The Financial and Monetary Crimes Fee (EFCC) has arrested Halima Shehu, the embattled Nationwide Coordinator and CEO of the Nationwide Social Funding Programme Company (NSIPA), simply hours after her suspension.
Shehu, who stays in custody as of this writing, is below investigation for the motion of N17 billion from NSIPA accounts to suspicious beneficiaries inside a single week.
The arrest caps a whirlwind day for Shehu, whose suspension earlier was reportedly spurred by the EFCC’s preliminary investigation into allegations of billions in unauthorized funds made by NSIPA.
Sources conversant in the matter recommend the anti-graft agency might have beneficial the suspension on to President Bola Ahmed Tinubu to facilitate a free and thorough probe.
EFCC operatives visited Shehu’s personal workplace and residence round 8 pm yesterday, resulting in her arrest at roughly 9 pm. Following searches of each places, Ms Shehu was taken into custody for questioning.
Including to the drama, sources point out the EFCC focuses on a selected company director suspected of involving illicit fund transfers to suspicious accounts. The director’s title and exact function stay below wraps, however their alleged complicity casts a broader internet over potential culprits inside NSIPA.
Shehu’s arrest marks a major escalation within the N17 billion saga, sending shockwaves by means of the company and elevating severe questions on monetary mismanagement inside the essential social program.
The EFCC’s investigation is ongoing, and additional developments, together with potential fees towards each Shehu and the unnamed director, are anticipated within the coming days.
