Agency reportedly arrest NAMA boss, others over N5bn fraud

February 13, 2016 9:43 AM

The arrested NAMA topshots were alleged to have undergone rigorous interrogation before being whisked away.

Top staffers of the

Recommended articles

local First lady, Obasanjo, Gowon, other dignitaries to attend Yar’Adua conference
local KADIRS seals 6 telecom masts, businesses over ₦5.8bn unpaid taxes
local Kanu, Igboho, Ekpa are paid by foreign countries to cause problems in Nigeria - Seun Kuti

According to a report by Punch, the topshots that include NAMA’s Managing Director, Ibrahim Abdulsalam; General Manager, Procurement, Olumuyiwa Adegorite, and General Manager, Finance, Nurudeen Segun Agbolade, were arrested over N5bn fraud relating to the Treasury Single Account.

It was further reported that the EFCC’s visit might not be unconnected with petitions by some aggrieved aviation unions over an alleged wide spread sleaze in the aviation industry.

It was gathered that the EFCC traced the N5bn to an account of NAMA and that the fraud was TSA-related.

A TSA is a unified structure of government bank accounts enabling consolidation and optimal utilisation of government cash resources. It is a bank account or a set of linked bank accounts through which the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time.