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Why Esther Nenadi Was Arrested

Senator-Nenadi-UsmanThat former Minister of Finance, Senator Esther Nenadi Usman has been arrested by the Economic and Financial Crimes Commission (EFCC) is no longer news. But many Nigerians don’t know why she was arrested. Be that as it may, we can tell you for free why she is still in detention.

Insiders at the EFCC disclosed to us that as the Director of Finance of the Goodluck Jonathan Campaign Organisation, she received N4 billion from the Central Bank of Nigeria for political campaign. The insiders added that she paid N2.5 billion out of the N4 billion into her company’s account and paid N140 million into her personal account; 1000158311 with Zenith Bank at 7 Kachia Road, Kaduna.

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Our sources disclosed to us that operatives of the EFCC have been looking for the former minister for months now to explain her role in the N4 billion Central Bank of Nigeria money saga. But she was said to have travelled abroad since March, 2016. Also, we gathered that most of the monies that were given to people during the presidential campaign came from the office of the former minster and she told them that the money was sourced from private individuals.

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However, from all indications she seems to be in big trouble because there is no part of Nigeria’s constitution that gives the CBN the right to give money to a political party.