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ICPC Arraigns REA Finance Director, Abubakar Sambo For Alleged N1.84bn Fraud

 

ICPC Arraigns REA Finance Director, Abubakar Sambo For Alleged N1.84bn Fraud



The Independent Corrupt Practices and Other Related Offences Commission (ICPC) arraigned Abubakar Sambo, the Director of Finance and Account at the Rural Electrification Agency (REA), on Monday for alleged fraud amounting to N1.84 billion. The arraignment took place before Justice Bolaji Olajuwon at the Federal High Court in Abuja.


Charges and Plea

Sambo faced a three-count charge for allegedly diverting REA funds into personal accounts. He pleaded not guilty, prompting ICPC counsel Osuobeni Akponimisingha to request a trial date. Sambo’s lawyer, Isiaka Dikko, SAN, had already filed a bail application, which the court granted.


Bail Conditions

Justice Olajuwon granted Sambo bail at N200 million with two sureties of the same amount. The sureties must own landed property within the court's jurisdiction and provide original Certificates of Occupancy. They must also submit affidavits of tax clearance for the past three years and one passport photograph each. The trial is set to commence on October 17.


Details of the Allegations

The ICPC's charge, marked FHC/ABJ/CR/209/2024, accuses Sambo of finalizing payments totaling N1.84 billion through the Government Integrated Financial Management Information System (GIFMIS) platform for purported project supervision without requisite approval. This allegedly contributed to the REA's financial difficulties.


Specific Charges

1.   Count One: Sambo is accused of making unauthorized payments for the use of Henrrientta Onomen Okojie, Asuni Adejoke Aminat, Usman Kwakwa, Laure Shehu Abduilahi, Emmanuel Pada Titus, and Musa Umar Karaye. This violates Section 68 of the Public Enterprise Regulatory Commission Act, CAP. P39, Laws of the Federation, 2004.

2.   Count Two: He allegedly used his access password to finalize unauthorized payments, breaching Section 6(4) of the Cybercrimes (Prohibition, Prevention, Etc) Act, 2015.

3.   Count Three: Sambo is charged with conferring corrupt advantages on the aforementioned individuals, violating Section 19 of the Corrupt Practices and Other Related Offences Act, 2000.


Related Proceedings

Justice Emeka Nwite of a sister court had earlier ordered the remand of Karaye, Titus, and Okojie, who were arraigned on separate charges related to the same scheme. They have since been granted N50 million bail each, with similar conditions regarding sureties and affidavits.


Conclusion

The ICPC continues its crackdown on corruption within the REA, with trials set to proceed for all involved parties. The court will reconvene on July 10 for further hearings in related cases.

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