Monday, Jun 14th 2021 4:26 PM
Lagos
+29°C

Market Digest Nigeria

News

Buhari’s son-in-law, two others declared wanted by ICPC for $65m fraud

The Independent Corrupt Practices and Other Related Offences Commission has declared Gimba Yau Kumo, son-in-law to the President, Major General Muhammadu Buhari (retd.), wanted for alleged $65 million fraud.

Kumo, a former Managing Director, Federal Mortgage Bank, got married to Buhari’s daughter in October 2016 in Daura, Katsina State.

The commission in a notice published on its website said Kumo was wanted alongside Tarry Rufus and Bola Ogunsola over alleged misappropriation and dispersion of national housing fund.

The notice was signed by the ICPC spokesperson, Mrs Azuka Ogugua.

It read, “The persons whose pictures appear above, Mr Tarry Rufus, Mr Gimba Yau Kumo and Mr Bola Ogunsola, are hereby declared wanted by the Independent Corrupt Practices and Other Related Offences Commission in connection with issues bordering on misappropriation of National Housing Funds and diversion of the sum of $65m.

“Anyone who has useful information on their whereabouts should report to ICPC Headquarters, Abuja, any of the ICPC State Offices or the nearest police station.”

Kumo’s tenure at FMBN was characterised by allegations of corruption.

He and three others allegedly paid themselves outrageous severance packages at the end of their tenure in October 2014.

In April, the senate committee on public accounts summoned Kumo to explain the alleged irregular award of N3 billion contract when he was still at the bank.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.