Nigeria, Oct. 29 -- Two intelligence officers confirmed the arrest, saying investigators believe the funds were meant to finance a plan to topple the government.

Sylva, a former Bayelsa State governor, has been named as one of the suspected financiers of the plot, The News Chronicle gathered.

Recall that on Saturday, military operatives reportedly raided his Abuja residence, arresting his younger brother, Paga Sylva who serves as his Special Assistant on Domestic Affairs along with his driver.

Investigations are ongoing as authorities tighten scrutiny around alleged coup financiers.

Published by HT Digital Content Services with permission from The News Chronicle....