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$65m Fraud: Presidency says ex-FMBN boss Kumo no longer President Buhari’s in-law

The Presidency has disclosed that a former Managing Director, Federal Mortgage Bank, Gimba Yau Kumo, declared wanted for $65 million fraud by the Independent Corrupt Practices and Other Related Offences Commission [ICPC] is no longer a son-in-law to President Muhammadu Buhari.

In a statement on Friday evening, titled, ‘ICPC fugitive is not the President’s in-law,’ the Presidency argued that the move to arrest Kumo was an affirmation that “our anti-corruption agencies/institutions are truly independent and allowed unfettered freedom by the President.”

The statement read, “A running story to the effect that the ICPC haas declared “an in-law of the President” wanted in connection with fraud involving the large sum of money USD65 million to be exact.

“This should normaly be an affirmation that our anti-corruption agencies/institutions are truly independent and allowed unfettered freedom by the President. Which infact is the case.

“That a state institution can issue such is a measure of the administration’s commitment to accountability, equality and justice.


“To set the records straight, the person declared wanted by the ICPC is not an in-law to President Buhari.

“While at some point in time, the said fugitive from justice had been linked to a family member in marriage, that relationship has ended some years ago.

“It is therefore unfortunate to bring the President’s family into this case. It is in our view, an attempt to generate views and sell copies of sensational reporting.”

The statement further said the President’s position at all times was that the law be allowed to take its course.

“As is well known of him, President Muhammadu Buhari will not provide any cover for crime, no matter who is involved,” Shehu stressed.

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