Kano State Public Complaints and Anti-Corruption Commission (PCACC) has nabbed one Bala Muhammad Inuwa, the principal suspect in the ongoing investigation into the alleged fraudulent diversion of over N4 billion belonging to the Kano State Government.
This was contained in a statement signed by Special. Adviser on media,and publicity to executive chairman PCACC, Barrister Muhuyi Magaji Rimu -Gado, Alhaji Abba Kabir Abba, a copy made available on Thursday to pressmen in.Kano
“Alhaji Inuwa who is the founder of the Association of Compassionate Friends and the sole signatory of a business name entity Limestone Processing Link used primarily for the diversion of the fund, was arrested after he broke into sealed warehouses that were confiscated pursuant to Section 40 of the Kano PCACC Law 2008 (as amended), an action which is also sanctioned by the order of the court.
“The seizure which has in connection with the alleged criminal misappropriation, diversion, and making false statement or return of over N4,000,000,000.00 Kano State Government funds remitted to the Kano Agricultural Supply Company (KASCO) as grant.”
Alhaji Kabir further disclosed that also in custody is Bala Inuwa Muhammed (Jr), a co-signatory who along with his father allegedly misappropriated and diverted the sum of N3,275,685,742.00, through the bank accounts of the Association of Compassionate Friends; an association which was registered under Part C of the Companies and Allied Matters Act and whose objective does not include conducting any kind of business.
“Also, the sum of N480,000,000.00, was diverted through the bank account of a business name ‘Limestone Processing Link’ which is being managed by the founder of Association of Compassionate Friends out of which N400,000,000.00, was allocated as a fixed deposit and some amounts were transferred to bank account bearing the name of Bala Mohammed Inuwa,” the statement added.
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