Ambassador Bashir Yuguda, former Minister of State for Finance under former President Goodluck Jonathan, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC).
Yuguda was picked up on Monday evening in Abuja at about 4:00pm local time.
According to a source in the EFCC, is being questioned by a team of EFCC operatives for allegedly receiving suspicious payments from the office of the former National Security Adviser, Colonel Sambo Dasuki, who is being investigated over a two billion dollars arms deal.
Some of the monies allegedly traced to Ambassador Bashir include N1.2 billion paid to him by the office of the NSA through a company and for unclear reasons.
The former minister also allegedly received N775 million from the office of the Accountant General of the Federation for unclear reasons.
He is also alleged to have received another N1.275 billion from a conglomerate, Stallion Group, during the last presidential election campaign.
All these funds were allegedly transferred to him between December 2014 and May 2015.
NNN.COM.NG is a portal where you can read latest Nigeria News from all Nigeria Newspapers such as such as Punch, Vangaurd, Daily Times, Thisday, Guardian, Nation, Leadership and more in one place. NNN aggregates Naija News and sort them according to their sources, category and relevance as a way of reducing the effort a news reader needs to put in to reading breaking news in Nigeria and across the world.