Skip to content
October 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Breaking News
  • Alleged $65m Housing Fund fraud lands Buhari’s in-law in ICPC trouble
  • Breaking News

Alleged $65m Housing Fund fraud lands Buhari’s in-law in ICPC trouble

Justice Shedrack May 14, 2021
Presidency

Gimba Kumo

The Independent Corrupt Practices and other related offences Commission (ICPC) has declared Gimba Kumo, a son-in-law of President Muhammadu Buhari, and two others wanted over alleged misappropriation of $65 million National Housing Funds.

Gimba Kumo
Gimba Kumo

Kumo, was former managing director of the Federal Mortgage Bank of Nigeria. He’s son-in-law of President Buhari having married the President’s daughter, Fatima, in 2016.

The ICPC in its list of wanted persons declared Mr Kumo wanted alongside Tarry Rufus and Bola Ogunsola over the alleged fraud.

In the notice signed by its spokesperson Azuka Ogugua, the ICPC urged the public to provide information about the whereabouts of the wanted persons. The notice reads inter alia:

“The persons whose pictures appear above, Mr Tarry Rufus, Mr Gimba Yau Kumo and Mr. Bola Ogunsola, are hereby declared WANTED by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in connection with issues bordering on misappropriation of National Housing Funds and diversion of the sum of Sixty Five Million dollars ($65,000,000).

“Anyone who has useful information on their whereabouts should report to ICPC Headquarters Abuja, any of the ICPC State Offices or the nearest police station, or call ICPC toll-free lines: 0803-123-0280, 0803-123-0281, 0803-123-0282, 0705-699-0190, 0705-699-0191 and 0800-CALL-ICPC (0800-2255-4272) or send an email to info@icpc.gov.ng.”

Recall that Kumo had been accused of corrupt practices in his days as managing director of FMBN.

Specifically, the senate committee on public accounts had in April summoned Mr Kumo to explain the alleged over-payment by over N3 billion in a contract when he was still at the bank. The contract was awarded in four phases and was overpaid to the tune of N3,045,391,531.97.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link

Post navigation

Previous Two Nigerian migrant women rescued from drowning enroute Europe tell their story
Next Eight die in Akwa Ibom deadly Vikings Confraternity, Black Axe cult clash

Related Stories

FG Declares Three-Day National Mourning for Fallen Air Force Personnel Killed in Ondo Crash
  • Breaking News

FG Declares Three-Day National Mourning for Fallen Air Force Personnel Killed in Ondo Crash

October 6, 2026
Full list of 25 persons killed in NAF plane crash; no survivor, Aneke orders probe
  • Breaking News

Full list of 25 persons killed in NAF plane crash; no survivor, Aneke orders probe

October 6, 2026
NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard air component
  • Breaking News

NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard

October 5, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Nigerian Army Arrests Four Suspected Arms Fabricators, Gunrunners in Plateau, Recovers Weapons and Ammunition Troops
  • National News

Nigerian Army Arrests Four Suspected Arms Fabricators, Gunrunners in Plateau, Recovers Weapons and Ammunition

October 13, 2026
Nigeria’s Dangote refinery extends $1.6 billion IPO to broaden African investor access Aliko Dangote
  • National News

Nigeria’s Dangote refinery extends $1.6 billion IPO to broaden African investor access

October 13, 2026
Bandits kill Immigration officer, injure another during surveillance operation
  • Crime and Justice

Bandits kill Immigration officer, injure another during surveillance operation

October 13, 2026
Full list of 68 lawyers elevated to rank of Senior Advocates of Nigeria (SAN)
  • National News

Full list of 68 lawyers elevated to rank of Senior Advocates of Nigeria (SAN)

October 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.