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Sadiq Abubakar, APC Guber Candidate’s Son, Arrested, Questioned By EFCC  

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Information reaching 247ureports.com indicates the son of the former military top boss  was arrested and interrogated by the agents of one of the foremost anti-graft agency in Nigeria.

His son, Captain Nasar Abubakar Sadiq Baba is the son of the former Chief of Air Staff under the Muhammadu Buhari administration was reported by credible sources in Abuja to have been arrested by the operatives of the Economic and Financial Crimes Commission [EFCC].

His father, Sadiq Abubakar who retired from the Nigerian Air Force as the 20th Chief of the Air Staff on January 2021, is currently contesting for the governor’s seat under the banner of the All Progressive Congress [APC] in Bauchi State.

According to information received, the arrest occurred on Tuesday March 14, 2023 at his home following numerous invitations by the EFCC to the son of the former Chief of Air Staff requesting his appearance at the EFCC office for questioning. Captain Nasar Abubakar Sadiq Baba failed to honour the invitations. As a result, on Tuesday, the agents of EFCC swooped at the home of Captain Nasar Abubakar Sadiq Baba, arrested him and brought him to the EFCC office for questioning where he was later granted bail.

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Captain Nasar Abubakar Sadiq Baba was questioned over allegations of his involvement in potential financial crimes over loans issued under the Nigeria Incentive-Based Risk Sharing System For Agricultural Lending [NIRSAL]. Particularly, over an alleged diversion of 2billion Naira of NIRSAL Agricultural Loan.

Details of the of the arrest remain sketchy. The EFCC has yet to be responded to Inquires sent through its spokesperson, Wilson Ewujaren seeking confirmation of the arrest. However members of his father’s [Sadiq Abubakar] gubernatorial campaign have denied the arrest.  They denied he was arrested by the EFCC. In the words one of his aides, “It’s not true. I went to his house. He has not been invited by any anti-graft agency only that the State’s politics is heating up”.

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As a caveat, NIRSAL is a US$500million Non-Bank Financial Institution owned by the Central Bank of Nigeria (CBN) created to “Redefine, Dimension, Measure, Re-Price and Share agribusiness-related credit risks in Nigeria”. It was established in collaboration with the Federal Ministry of Agriculture and Rural Development (FMARD) and Nigerian Bankers’ Committee in 2013. NIRSAL’s mandate is to stimulate the flow of affordable finance and investments into the agricultural sector by de-risking the agriculture & agribusiness finance value chain, fixing agricultural value chains, building long-term capacity, and institutionalizing incentives for agricultural lending.

 

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