The House of Representatives ad-hoc committee on the investigation of recovered loots and assets of government heard how the Accountant General of the Federation, Ahmed Idris, transferred N29billion to the Ministry of Defence without due process.

Findings by the committee chaired by. Adesogun Adejoru revealed that Idris also transferred another N20billion to the capital development fund after one year without recourse to due process.

The investigation also showed in the document tendered by the AGF before lawmakers that another N19.6 billion Was illegally transferred from the Economic and Financial Crimes Commission(EFCC) recovery account to African Development Bank (AfDB)totaling N59 billion.

The  Accountant General admitted carrying out the withdrawals without recourse to relevant financial laws guarding the operations of this office.

Idris had appeared alongside the Minister of Finance, Zainab Ahmed, who briefed the lawmakers on the need to rebuild a  framework to address the gaps that exist in financial transactions.

In his defense, the respondent explained that there was a budgetary approval for defense but funds were not readily available, hence the resort to the EFCC account.

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