Ex-KASCO MD Arrested by Kano Anti-Corruption Agency for N4bn Misappropriation

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Kano State Public Complaints and Anti-Corruption Commission (PCACC) has arrested the former Managing Director of Kano State Agricultural Company (KASCO), Bala Muhammad Inuwa, who is a principal suspect in an ongoing investigation into the fraudulent diversion of over N4bn belonging to the Kano State government.

It should be noted that Kano State Public Complaint and Anti-Corruption Commission had stated that it commenced an investigation into missing government funds from Kano Agricultural Supply Company (KASCO), amounting to over four billion Naira, along with the confiscation of some cars, heavy-duty vehicles, and tractors.

The investigation team, led by the commission Chairman, Barrister Muhuyi Magaji Rimin Gado, stormed warehouses where cars, heavy-duty vehicles, and tractors, alleged to have been purchased with the siphoned money, were kept in Kumbotso local government area of the state.

Inuwa, who is also the founder of the Association of Compassionate Friends and the sole signatory of a business entity, Limestone Processing Link, primarily used for the diversion of the fund, was arrested after breaking into sealed warehouses that were confiscated pursuant to section 40 of the Kano State Public Complaints and Anti-Corruption Law 2008 (as amended), an action which is also sanctioned by the order of the court.

This information was contained in a statement issued by the Special Adviser Media and Publicity of the anti-graft commission, Kabir Abba Kabir, on Thursday, in Kano.

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