The Code of Conduct Bureau (CCB) is set to commence investigations into a petition against former Vice President, Atiku Abubakar for allegedly using the Special Purpose Vehicle (SPV) to divert fund between 1999 and 2007.


Recall that the Minister of State for Labour and Employment, Festus Keyamo, submitted the petition against Atiku in the build-up to the just-concluded presidential poll.

In the case filed at the Federal High Court, Abuja, by the Festus Keyamo Chamber, the plaintiff joined CCB, Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) as 2nd, 3rd and 4th defendants respectively, while Atiku is the first defendant.


In the suit, the plaintiff (Keyamo) sought a declaration of the court that the 1st defendant (Atiku) is under a legal obligation to make available to the 2nd, 3rd and 4th defendants, for the purpose of aiding their investigation, information available to him in respect of a certain bank account belonging to a company named Marine Float and other accounts of two undisclosed companies, which information he disclosed to a certain close aide of his called Michael Achimugu, as to how the said accounts were used as a “Special Purpose Vehicles” to secretly divert and misappropriate public funds between 1999 and 2007 when the 1st Defendant served as Vice President of Nigeria.