By our reporter
Dr. Bashir Jamo, former Managing Director of NIMASA, is facing allegations of diverting nearly ₦1 trillion and $9.5 million into personal accounts.
The development, was, however investigating claims of money laundering, contract irregularities, and financial mismanagement, including:
– *Money Laundering*: ₦1.5 trillion and $9,557,312.50 traced to Jamo’s personal accounts
– *Contract Irregularities*: Awarding contracts to companies with interests linked to him
– *Misuse of Funds*: Leasing speedboats at excessive costs and promoting a $175 million security initiative without approval
– *Financial Mismanagement*: Escalation of NIMASA’s training budget from ₦66 million to ₦1.6 billion without tangible results
The case was initially opened during former President Buhari’s administration but was allegedly closed due to Jamo’s reported connection to Buhari as his in-law. There’s now renewed pressure for reinvestigation.
Would you like to know more about the implications of these allegations or the current state of the investigation?
[2/1, 09:52] Meta AI: “BREAKING: Former NIMASA MD, Dr. Bashir Jamo, Paraded by Anti-Graft Agency for Alleged Fraud and Corruption Involving Nearly ₦1 Trillion”
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