The Economic and Financial Crimes Commission (EFCC) has arrested Bashir Bello Ibrahim, former contractor for the Kaduna State Government and CEO of Formal Act Legacy Limited, over allegations of a massive N30 billion fraud scheme.

According to a statement released by EFCC spokesperson Dele Oyewale, Ibrahim continued to deceive numerous victims even after his contract with the state government had been terminated.

The anti-graft agency alleged that Ibrahim falsely presented himself as a consultant for Kaduna State's 23 local government areas while claiming affiliation with several organizations including the United Charity Foundation (UCF), FICCORD, and the Sustainable Development Goals (SDGs) Office.

"Though Ibrahim's contract with the state government has been terminated, the EFCC received no fewer than 251 complaints against him," the statement revealed.

Oyewale explained that the suspect allegedly informed victims of a purported 2020 Memorandum of Understanding (MoU) with the Kaduna State Government. This MoU was supposedly aimed at sourcing intervention grants from global donor agencies for local projects and supporting Sustainable Development Goals initiatives in the state.

The EFCC statement confirmed that assets have been recovered as part of the ongoing investigation, though specific details about the recovered items were not disclosed.

This case adds to the growing list of high-profile fraud investigations being conducted by the EFCC across Nigeria as the commission intensifies its efforts to combat financial crimes in the country.