Skip to content
October 7, 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
  • National News
  • Ex-Finance Minister, Nenadi Usman, Refunds N140m, Forfeits Houses
  • National News

Ex-Finance Minister, Nenadi Usman, Refunds N140m, Forfeits Houses

Admin April 27, 2016

Nenadi UsmanEmbattled former Finance Minister, Senator Esther Nenadi Usman, has returned N140 million out of the N2.5 billion she allegedly received from the office of the former National Security Adviser ahead of the 2015 Presidential elections.

In addition, the former Senator, who served as the Director of Finance for the Peoples Democratic Party, PDP, Presidential Campaign Organisation, has surrendered two of her houses to the Federal Government as a condition for her release from the custody of Economic and Financial Crimes Commission, EFCC.

A top source in the commission, who confirmed the figures to Vanguard, hinted that the former Finance Minister might be released on bail on health grounds, given the amount of money and the property she has forfeited to the government in lieu of what she collected.

Although the source said the commission had obtained a court order to keep her beyond the stipulated time to interrogate her further, it was learned that an undisclosed health challenge facing her had compelled the operatives to consider granting her administrative bail to seek medical attention.

When asked if the former minister had been released, the source said: “She is still with us, but we are considering granting her bail, even though we have a subsisting court order to keep her.

“The former minister and lawmaker has agreed to surrender two of her choice property in Abuja, in addition to refunding N140 million to the Federal Government.”

According to findings, the former minister is being quizzed over various sums of money, which were paid into her account, including the N2.5 billion which was transferred out of Central Bank of Nigeria, CBN, into her account. In addition, N140 million cash was allegedly paid into her Zenith Bank Account in January 2015. Usman is alleged to have had access to what EFCC sources described as “huge cash,” some of which the agency says came from the CBN. VANGUARD.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous EFCC Arrests Bayelsa Governor’s Ex- Aide for Offering N10m Bribe to EFCC Official
Next Nigeria spends 381m euros to import food processing machines from Germany in four years

Related Stories

Police Neutralise Two Armed Robbery Suspects, Arrest One in Lagos Gun Duel Ekiti abductors
  • National News

Police Neutralise Two Armed Robbery Suspects, Arrest One in Lagos Gun Duel

October 7, 2026
UNESCO seeks persons with disability inclusion in policy making
  • National News

UNESCO seeks persons with disability inclusion in policy making

October 7, 2026
Kenya Airways Passenger Dies En Route to Lagos
  • National News

Kenya Airways Passenger Dies En Route to Lagos

October 7, 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

Police Neutralise Two Armed Robbery Suspects, Arrest One in Lagos Gun Duel Ekiti abductors
  • National News

Police Neutralise Two Armed Robbery Suspects, Arrest One in Lagos Gun Duel

October 7, 2026
UNESCO seeks persons with disability inclusion in policy making
  • National News

UNESCO seeks persons with disability inclusion in policy making

October 7, 2026
Kenya Airways Passenger Dies En Route to Lagos
  • National News

Kenya Airways Passenger Dies En Route to Lagos

October 7, 2026
FG offers 40 oil blocks as 2026 licencing round opens PIA
  • Business & Economy

FG offers 40 oil blocks as 2026 licencing round opens

October 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.