The Economic and Financial Crimes Commission (EFCC) has arrested Sirajo Jaja, the Accountant General of Bauchi State, over allegations of a staggering N70 billion fraud. Jaja was apprehended in Abuja on March 19, 2025, alongside Aliyu Abubakar, an unlicensed bureau de change (BDC) operator, and Sunusi Ibrahim Sambo, a point-of-sale (PoS) operator.
The arrests come as part of an extensive probe into suspected money laundering, misappropriation of public funds, and illegal financial transactions. The anti-graft agency has also placed Bauchi State Governor, Bala Mohammed, under investigation in connection with the scandal, raising concerns about high-level corruption in the state’s financial management.
Massive Cash Withdrawals and Suspicious Transactions
According to the EFCC, preliminary findings indicate that N59 billion in cash withdrawals were executed through multiple bank accounts controlled by the Accountant General’s office. These transactions, allegedly authorized under the guise of official state expenditures, have triggered red flags within the financial crime watchdog.
The funds were purportedly funneled to third-party operators, including Abubakar and Sambo, who played critical roles in the cash distribution network. The large-scale movement of funds has raised questions about the accountability mechanisms within Bauchi State’s financial institutions and the potential complicity of insiders in enabling the suspected fraud.
Allegations of Political Financing and Illicit Fund Diversion
Investigators believe the misappropriated funds were used to finance political activities, with large sums allegedly handed over to political agents and individuals linked to the state’s ruling elite. The EFCC is scrutinizing the movement of cash to determine whether these transactions were part of a broader scheme to influence electoral outcomes and maintain political control.
Aliyu Abubakar, the unlicensed BDC operator, is a key suspect in this network. He was previously arrested for similar financial offenses but had jumped bail before being rearrested in connection with the ongoing case. His role in facilitating large-scale cash transactions without regulatory approval makes him a central figure in the EFCC’s investigation.
The EFCC’s Intensified Crackdown on Corruption
The EFCC has intensified its crackdown on corruption, particularly within state governments, where public officials have been accused of exploiting financial loopholes for personal and political gain. The arrest of Sirajo Jaja and his alleged accomplices underscores the agency’s commitment to holding high-ranking officials accountable.
EFCC spokesperson Dele Oyewale confirmed that the investigation is far from over, with more officials and associates expected to be questioned. The anti-graft agency has vowed to trace every naira linked to the fraudulent scheme, ensuring that those responsible face the full weight of the law.
Governor Bala Mohammed Under Scrutiny
The investigation has extended to Bauchi State Governor Bala Mohammed, who is suspected of benefiting from the diverted funds. While the governor has not yet been formally charged, sources within the EFCC suggest that his financial dealings are being closely examined to determine his level of involvement.
If evidence emerges linking Mohammed to the illicit transactions, he could face serious legal consequences, including possible impeachment or criminal prosecution after his tenure. The unfolding scandal has put immense pressure on the Bauchi State government, with opposition parties calling for full transparency and accountability.
Public Outrage and Calls for Justice
The revelations have sparked widespread outrage among Bauchi State residents and anti-corruption advocates, who are demanding swift action against those implicated. Many citizens see this case as yet another example of systemic corruption draining resources meant for public welfare and development.
Legal experts argue that if proven guilty, Sirajo Jaja and his co-accused could face lengthy prison sentences under Nigeria’s anti-corruption laws. With the EFCC pushing for a thorough prosecution, the case is expected to set a precedent in the fight against high-level financial crimes in the country.
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