The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated two Central Bank of Nigeria (CBN) officials and one from the Office of the Accountant-General of the Federation (OAGF) regarding a purported $3.4 billion loan from the International Monetary Fund (IMF) to Nigeria.
According to The Nation, a source disclosed that the ICPC has retrieved vital documents on the loan, which was meant to finance the budget and to manage COVID-19, adding that the probe of the loan was already in progress.
The source 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.
“Documents retrieved and statements from the officials of the OAGF revealed that the utilisation of the funds were as directed by the Ministry of Finance.
“Investigation is ongoing into the various approval and utilisation of the funds by the beneficiaries.”
