Waribo was arrested by operatives of the anti-graft agency following intelligence report that some INEC officers conspired with some staff of Fidelity Bank to defraud the Federal Government of several millions of naira. Although, he has consistently denied involvement in the fraud, investigation revealed that the INEC Deputy Director’s name is on the list of beneficiaries of the money. He is alleged to have received the sum of N16 million through his First Bank account on March 27, 2015. Waribo allegedly gave N5 million from the N16 million to Peter Popnen, an ex- INEC official.
The suspect will be arraigned in court as soon as investigation is completed.