The Economic and Financial Crimes Commission (EFCC) has arrested Ahmed Idris, the Accountant-General of the Federation, for allegedly stealing N80 billion.

The commission, in a release on Monday night, said it arrested Idris earlier in the day.

Sharing the development via its official Twitter handle, @officialEFCC, the anti-graft agency said the AGF used ‘bogus consultancies’ and other means to divert the funds from public coffers.

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Its statement read, “Operatives of the EFCC on Monday, May 16, 2022, arrested serving Accountant-General of the Federation, Mr. Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80billion (Eighty Billion Naira) only.

“The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

“The funds were laundered through real estate investments in Kano and Abuja.”

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The EFCC said it earlier invited Idris to respond to the allegations, but he failed to honour the invitations.

“Mr. Idris was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts,” the agency added.