ICPC quizzes OAGF, CBN officials over missing $3.4b IMF loan

Three officials – two from Central Bank of Nigeria (CBN) and one from the Office of the Accountant-General of the Federation (OAGF) – have been quizzed over $3.4billion loan granted to Nigeria by the International Monetary Fund (IMF), which is allegedly.

They were interrogated last week by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

The anti-graft agency has also invited another set of officials from the Federal Ministry of Finance for interrogation.

The commission has retrieved vital documents on the loan, which was meant to finance the budget and to manage COVID-19.

The Socio-Economic Rights and Accountability Project (SERAP) has approached the court over what it alleged as “the failure to probe the grim allegations that the $3.4 billion” was missing.

A source told The Nation that the probe of the loan was already in progress.

It said: “ICPC has launched a comprehensive investigation into the $3.4 billion loan. The commission began the probe after it had reviewed the report of the Auditor-General of the Federation. Our investigators are trying to establish if the cash was missing, diverted or unaccounted for.

“The documents relating to the loan were retrieved from the CBN, the OAGF and the Ministry of Finance. “Some CBN and OAGF officials were interviewed and the officials of the Ministry of Finance will be interviewed in the coming (this) week. (Nation)