The Economic and Financial Crimes Commission has arrested a former Minister of State for Finance, Ambassador Bashir Yuguda, for his alleged involvement in the sharing of N450 million allocated to the Zamfara State chapter of the Peoples Democratic Party for the 2015 general election.
The money was said to have been made available by a former Minister of Petroleum Resources, Diezani Alison-Madueke, for the elections.
Alison-Madueke deposited the money in Dollar with Fidelity Bank Plc.
It was put at $115 million, with the conversion to Naira being N23.3 billion.
Yuguda is one of the former ministers in the administration of former President Goodluck Jonathan, who are being investigated by the anti-graft agency.
Yuguda in his statement on Wednesday admitted to have collected N450 million in his capacity as a chieftain of the PDP in his state.
The former minister, who hails from Zamfara State, also stated that he supervised the sharing of the money in his home.
According to him, a former Secretary to the Zamfara State Government and member of PDP Presidential Campaign Committee 2015, Aminu Ahmed Nahuche, collected the N450 million allocated to Zamfara State from Fidelity Bank Plc.
The former minister is still under investigation at the EFCC Kano zonal office.
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