The Kano Anti-corruption Commission has said it has commenced an investigation into the disappearance of N4 billion government funds from the state Agricultural Supply Company (KASCO).
Naija News reports that the Chairman of the commission, Muhyi Rimingado, made this known on Saturday when he led an investigation tour to warehouses where alleged cars, heavy-duty trucks and tractors believed to have been bought with the siphoned funds were kept in Kumbotso Local Government Area of the state.
Rimingado said the funds were mischievously transferred from KASCO to an association registered with the Corporate Affairs Commission (CAC), named Association of Compassionate Friends. 
The anti-graft boss explained that the money was also siphoned using a registered limestone company, stating that some bank managers may be invited by the commission to clear some issues.
He said: “The association was meant to promote and take care of the living standard of the children of the less privileged people in the society, but unfortunately, it has been turned into a machine stealing public funds.
“We have arrested eight suspects who are revealing credible information to the commission.
“One of them said he was given a certain amount to make a false submission at KASCO but kept the money aside waiting for a moment like this and he has voluntarily returned the money.
“So far, we have recovered the sum of N15 million and have succeeded in blocking about N8 million.”
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