The Director-General of the Energy Commission of Nigeria, Dr Mustapha Abdullahi, has been arrested by the Economic and Financial Crimes Commission (EFCC) over alleged money laundering involving more than N500 billion.
The arrest, which took place in Abuja on Wednesday, comes on the heels of the conviction of former Minister of Power, Saleh Mamman, who was found guilty of a N33.8 billion fraud case.
According to sources, Dr Abdullahi is currently being held for questioning and is expected to spend the night at the EFCC headquarters in Abuja as investigators examine financial transactions linked to the alleged fraud.
The EFCC has yet to officially comment on the arrest, with spokesperson Dele Oyewale unavailable for comment
The Energy Commission of Nigeria is a federal agency responsible for regulating the energy sector, and the arrest of its DG has sent shockwaves through the industry.
The EFCC has been cracking down on corruption in the energy sector, and this latest development is likely to raise concerns about the agency’s efforts to tackle financial crimes.