Chuks Akunna, a Nigerian journalist and the executive director of the Authority Newspaper, has remarked on the extraordinary nature of an individual allegedly embezzling N44 billion within a brief four-day period. This observation follows President Bola Ahmed Tinubu’s decision to suspend and investigate Ms. Halima Shehu, the National Coordinator and CEO of the National Social Investment Program Agency (NSIPA), in response to allegations of financial misconduct.……CONTINUE READING>>>>>>
In an interview with the African Independence Television (AIT) News, Akunna emphasized the rarity of such a massive embezzlement occurring in such a short timeframe within the Nigerian context. He specifically highlighted the alleged mismanagement of N44 billion over the span of four days, prompting questions about the existing accountability mechanisms and oversight structures. Additionally, Akunna drew attention to the perceived silence of the Nigerian Financial Intelligence Unit (NFIU) concerning the alleged financial misconduct by the ousted NSIPA CEO, underscoring the statutory responsibility of the NFIU to monitor suspicious cash movements.
According to him: “The interesting thing is that this N44B was allegedly stolen in four days, about ten billion everyday, you know from 27 of December, 31st, 44 billion. And then you know, it also comes to question the role of Nigerian Financial Intelligence Unit, because this is a statutory body invested with the responsible of tracking suspicious movement of cash.
“So, is it because of the head of the agency and the persons involved are from the same geopolitical zone? I mean these are questions to be answered because, it is very rare In Nigeria that a person, a single person would move N44B in four days and not even a whimper from NFIU”.……CONTINUE READING>>>>>>
