Dr. Zainab Ahmed, the Minister of Finance, Budget, and National Planning, has also suspended Ahmed Idris from his position as a result of his suspected involvement in a fraud investigation by the Economic and Financial Crimes Commission (EFCC).

Idris was detained by the anti-corruption commission in connection with an alleged N80 billion fraud.

Wilson Uwajaren, a spokesperson for the EFCC, confirmed Idris’ arrest on Monday after he failed to respond to the agents’ invitations.

Idris reportedly diverted funds and laundered N80 billion, said EFCC.

The AGF is accused of laundering the funds through real estate deals in Kano and Abuja, according to the anti-graft agency.

According to the commission, Idris raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

“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.

“Mr. Idris was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts,” the statement read in part