The Economic and Financial Crimes Commission has granted bail to the troubled National Coordinator and CEO of the National Social Investment Program Agency, Halima Shehu, who was detained in relation to a ₦44 billion money laundering case.
According to information obtained by our correspondent exclusively, Shehu was ordered to go to the EFCC Headquarters each day while the investigation was ongoing after being freed on Wednesday night.
According to The PUNCH, the NSIPA Coordinator was suspended by President Bola Tinubu on Tuesday night, at which point she was detained by the EFCC.
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It was discovered that the ₦44 billion had reportedly been surreptitiously transferred from NSIPA’s accounts into business and private accounts connected to front-persons.
In a phone contact with our correspondent on Thursday, the EFCC spokesperson, Dele Oyewale, confirmed Shehu’s release from the agency’s custody and stated Shehu has been ordered to appear daily for interrogations as the investigation proceeds.
Halima Shehu has been freed, but she is still responding to our interrogators, and she has been ordered to meet with investigators daily while the probe is still on, according to Oyewale.
“Regarding reports on the ₦44 billion and ₦30 billion circulating, her agency was also under the Ministry of Humanitarian Affairs, and the commission is still tracking down all the suspicious transactions.”
“Because the Ministry and agencies are concentrated on interventions, there is a significant financial stake. Because the commission is currently tracking the transactions, we are unable to assign a value to each one at this time.
Shehu was employed by former President Muhammadu Buhari as the National Coordinator of the Conditional Cash Transfer Program prior to her appointment.
Additionally, she worked for Sadiya Umar-Farouk, the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development, who is currently under investigation for a $37 billion fraud. This occurred in the years 2017–2022.