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A top aide of President Muhammadu Buhari has surrendered himself to a Special Investigation Panel to be probed for a N500m fraud leveled against him.

A Vanguard report said the investigation was ordered by the President following the claim of an online media that the cabinet member received N500m from MTN in exchange for FG's slashing of a hefty fine leveled against it. 

Someone close with the matter said: “Officials of MTN, who were invited and interviewed over the allegation, have vehemently denied that any such money emanated from the telecommunications company and that, since the beginning of the $5billion fine saga, nobody had been approached for bribe. 

“The top aide of the President, who also honoured the summon of the SIP, distanced himself from reports claiming that he ever collected the said huge sum of money from the telecoms firm. 

“I think the matter may just die naturally if the online medium which made the allegation does not show up and give credible evidence that the affected official ever demanded and collected the bribe”. 

“It is our strong position that if such volume of money was paid through the banks, it would have been very easy to trace. It would have been possible to see where the money emanated from, and where it ended. But the problem is that the online medium that raised the alarm has refused to honour our numerous invitations to shed light on the matter”.

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