Abuja, FCT – By Prime Brief Media
The Economic and Financial Crimes Commission has arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over his alleged involvement in a massive money laundering scheme involving more than N500 billion.
EFCC spokesperson, Dele Oyewale, confirmed the arrest in a statement on Friday, saying the suspect was taken into custody at his office in Abuja on Wednesday following weeks of covert investigation. He is currently being interrogated at the Commission's headquarters.
"Preliminary findings indicate that the funds, which were meant for renewable energy projects and rural electrification programmes, were systematically diverted through a web of shell companies and proxy accounts. The scale of this fraud is staggering," Oyewale said.
Investigators are reportedly tracing properties, bank accounts, and assets linked to the suspect both in Nigeria and abroad. The EFCC said it is working with international law enforcement agencies to track the global movement of the funds.
The arrest has sent shockwaves through the energy sector, with calls for a comprehensive audit of all agencies involved in Nigeria's energy transition programme. The Energy Commission of Nigeria has not issued a statement at the time of this briefing.
Prime Brief Media will continue to track security and rescue efforts across the state as this story develops.
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