The Kano State government has arraigned the former managing director of the state’s Agricultural Supply Company (KASCO), Alhaji Bala Muhammad Inuwa, and two others for alleged N4 billion fraud.
The two others are the ex-MD’s son, Bala Muhammad Inuwa, and incorporated Trustees of the Association of Compassionate Friends.
The defendants were arraigned on a 10-count charge of criminal conspiracy, criminal breach of trust, false statements to cover up the transaction, and mismanagement of grant money.
They, however, pleaded not guilty when the charges were read to them.
The Kano State Public Complaint and Anti-Corruption Commission (PCACC) investigated the alleged fraud while the Office of the State Attorney General and Commissioner for Justice filed the charges against the defendants.
The PCACC’s investigation revealed that the defendants diverted over N4 billion from the company’s account into personal accounts.