ICPC to Arraign KANSIEC Chairman, Secretary, and Deputy Director Over Alleged N1 Billion Money Laundering

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is set to arraign the Chairman of Kano State Independent Electoral Commission (KANSIEC), Professor Sani Lawan Malumfashi, and two others in court over an alleged One Billion Naira money laundering case.


According to the ICPC, the trio conspired to commit fraud through a large-scale illegal cash transaction without regard for financial regulations and extant legislations prohibiting corruption and money laundering. The Commission's investigation revealed that KANSIEC, under Professor Malumfashi, transferred a total sum of N1,020,000,000.00 directly from its Unity Bank account to that of SLM Agro Global Farm, which has no contractual relationship with KANSIEC.

The ICPC's investigation found that the defendants' claim that the transfers were made to raise cash needed to pay ad-hoc staff participating in the local government election was false. Instead, the Commission discovered that the transfers were used to make payments to beneficiaries through the banking system, contradicting the defendants' claim that the banking system would have been too slow.

The ICPC also found irregularities in the budget for the 2024 Election, where N20 million was budgeted for screening/verification of candidates, but the candidates were screened in the Commission's office in Kano without incurring the budgeted amount.

The trio is expected to take their pleas on Monday, July 21st, 2025, at a Federal High Court in Abuja. The ICPC's investigation and findings suggest a serious case of corruption and money laundering, and the arraignment is expected to bring the matter to a head.


Follow Stone Reports News for more update...

Comments

Post a Comment

Popular posts from this blog

South South Zonal Public Hearing on 1999 Constitution Review Holds in Ikot Ekpene, Akwa Ibom State

Image
The South South Zonal Public Hearing on the review of the 1999 Constitution commenced on Friday in Ikot Ekpene, Akwa Ibom State. The Senate President, Senator Godswill Obot Akpabio, declared the conference open, emphasizing the significance of the event in shaping the nation's future. In his remarks, Senator Akpabio stated that the public hearing is not merely a formality, but a democratic rite that allows the people to speak into the soul of the nation. He emphasized that every voice counts in a democracy and that the review of the Constitution is a sign of strength, not weakness. "The review of our Constitution is not a sign of weakness, but of strength. It is not a complaint against the past, but a commitment to the future. We amend not to abandon, but to realign—to adapt our national charter to the changing realities, dreams, and demands of the good people of Nigeria," he said. The Senate President highlighted the importance of the Constitution review process, stating...
Read more

Kano Governor Appoints New Management Board for Kano Pillars FC, Names Ahmed Musa as General Manager

Image
The Kano State Governor, Alhaji Abba Kabir Yusuf, has approved the appointment of a new management board for the Kano Pillars Football Club as part of ongoing efforts to further strengthen the team and enhance its performance in the upcoming Nigerian Premier Football League (NPFL) season. The newly approved management board is composed of 17 members, including Ali Muhammad Umar (Nayara) as the Chairman, and other notable individuals with expertise in various fields. The board's tenure is expected to last for one year, with a mandate to boost the team's performance and deliver improved results. In a strategic move, the board has proposed the appointment of renowned international footballer Ahmed Musa, OON, MON, as the new General Manager of Kano Pillars FC. This move is expected to leverage his wealth of experience and leadership to reposition the club as a review of the club's performance and make it a formidable contender in the league. The government expressed confidence ...
Read more

Plateau Governor Mutfwang Makes Strong Case for State Police, Gender Inclusion, and Fiscal Federalism at Constitutional Review Hearing

Image
The North Central Zonal Public Hearing on the review of the 1999 Constitution commenced on Friday in Jos, Plateau State, with Executive Governor of Plateau State, Barr. Caleb Manasseh Mutfwang, making a compelling case for far-reaching constitutional reforms to reflect the evolving realities of the Nigerian federation. The hearing, held at Crispan Hotel, Jos, brought together delegates and stakeholders from the six North Central states and the Federal Capital Territory, Abuja. The event is part of the broader national constitutional review process driven by the National Assembly, aimed at strengthening democratic governance and addressing the nation's structural challenges. In his remarks, Governor Mutfwang emphasized the historical significance of Plateau State as a cradle of democratic discourse and urged Nigerians to seize the opportunity to make bold and constructive contributions to national development. He highlighted several priority areas for urgent reform, including the es...
Read more