Lawal Jafaru Isa, head of the ruling All Progressives Congress, is suspected of having links to the alleged diversion of $2 billion by former national security adviser Sambo Dasuki.
Peoples Democratic Party former Acting Chairman Haliru Mohammed Bello and his son have been accused of money laundering and criminal breach of trust.
“We are looking for a credible Boko Haram leadership that will convince us that the girls are here and alive," Nigerian President Muhammadu Buhari said Wednesday.
Muhammadu Buhari reportedly plans to outspend predecessor Goodluck Jonathan on a residence, but slash his food budget.
Boko Haram pledged allegiance to ISIS in March. The militant group in Nigeria apparently has killed more than 1,000 people in the past two months.
Muhammadu Buhari has vowed to grow the economy and stabilize Nigeria's naira currency by eradicating corruption stemming from his predecessor.
Africa's largest economy was losing about $1 billion per month due to corruption, according to Nigeria's former central bank governor.
Former Nigerian National Security Adviser Sambo Dasuki was allegedly involved in stealing money meant to be spent in the fight against terrorist group Boko Haram.
The move comes after President Muhammadu Buhari replaced his army, navy, air force and defense chiefs
Emmanuel Ibe Kachikwu, chief of Nigerian National Petroleum Corp., said the firm is projecting an inflow of $20 billion next year.
The Nigerian president didn't appoint his federal ministers until September, followed by approval from the Senate.
Nigeria’s court of appeal rejected a bid Friday from the senate president seeking to squash his corruption trial.
The chairman of Nigerian conglomerate Honeywell Group said Tuesday Africa’s biggest economy is in a state of “national emergency.”
Watch as Nigeria's Senate begins screening the nominees chosen by resident Muhammadi Buhari for ministerial positions in his new cabinet.
The president's cabinet list, which includes former members of Goodluck Jonathan's party, is religiously and geographically inclusive.
Diezana Alison-Madeuke, who served under former Nigerian President Goodluck Jonathan, was reportedly arrested Friday in London.