A major controversy began to brew over the funds after the National Intelligence Agency (NIA) claimed that it had received the money as an allocation for covert operations.

Media reports had it that Malami had been instructed by President Muhammadu Buhari to get an official brief from the EFCC and the NIA on the matter.

Malami however denied receiving any such instruction adding that the security agencies involved were directly answerable to the president, according to Daily Trust.

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Earlier reports also had it that Malami would soon speak to Nigerians on the EFCC’s discovery.