The EFCC said that the ex-minister was alleged to have been diverted N450 million out of the Diezani Alison-Madueke's largesse.
In a statement issued by the EFCC, the ex-minister was alleged to have been diverted N450 million out of the money.
The money was allegedly distributed through Fidelity Bank Plc, and was said to have been used in bribing officials of the Independent National Electoral Commission during the 2015 presidential election.
“The EFCC has detained the former Minister finance, Amb. Bashir Yuguda, over his involvement in 23bn bribery poll. Amb. Yuguda in his statement admitted collecting a total of N450m in his capacity as a senior executive of the PDP chieftain in his state,” the statement read in part.
Yuguda had been arrested by the EFCC in 2015 for allegedly receiving suspicious payments from the detained National Security Adviser, Col. Sambo Dasuki (retd.), who has been at the fore front of the $2.1bn arms scandal.
Yuguda was believed to have received N1.5 billion from the former NSA’s office through an unnamed company, and for unstated purpose.
He also allegedly received N1.275 billion from Stallion Group during the campaign for the last general election.
Another N775 million was also allegedly paid to him from the office of the Accountant General of the Federation for unstated purpose.
Yuguda allegedly received all the monies between December 2014 and May, 2015.