The Economic and Financial Crimes Commission (EFCC) has arrested the serving Accountant-General of the Federation (AGF), Ahmed Idris over an alleged N80 billion fraud.

EFCC made the arrest, which some observers described as its most high profile arrest in recent time, on Monday, May 16, 2022.

EFCC spokesman, Wilson Uwujaren, confirmed his arrest in a statement on Monday evening.

According to Uwujaren, Idris was arrested after failing to honour the Commission’s invitations to respond to issues connected to the alleged fraudulent act.

He is being held in EFCC facility in Abuja.

As he puts it, “Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, May 16, 2022, arrested serving Accountant General of the Federation, Mr. Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80 billion (Eighty Billion Naira only),” Uwujaren’s statement read.

“The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”

According to the EFCC, the funds were laundered via real estate investments in Kano and Abuja.