EFCC Recovers N41.78bn From Mambilla, Zungeru Power Projects, Others
- The EFCC spokesperson, Dele Oyewale, said the commission had recovered at least N41.78 billion from three prime cases
- Oyewale said the recovered funds were from Mambilla and Zungeru Power projects and an ally of a former Accountant General of the Federation
- He disclosed that some former governors, former ministers and ministry officials were under investigation
FCT, Abuja - The Economic and Financial Crimes Commission (EFCC) has announced the recovery of N41.78 billion from monumental fraud involving some officials of the Federal Ministry of Power and Agriculture.
As reported by the Guardian, the anti-graft agency spokesperson, Dele Oyewale, disclosed this on Wednesday, October 12.
Source: UGC
Oyewale said the priority of the acting chairman on fund recovery has successfully raked in N27.18 billion and $19.08 million (or N14.60 billion equivalent) in the last few months.
“They border on procurement fraud. These are funds meant for the Mambilla and Zungeru Power projects being diverted through sundry Bureau de Change operators. For now, several houses purchased with the funds are being recovered. The houses are in Abuja, Lagos and Cross River State,” he said.
The EFCC spokesman said a senior government official and ally of the former Accountant General of the Federation (AGF) had returned N12 billion to the anti-graft agency.
An undisclosed sum of money has also been recovered on behalf of the Niger Delta Development Commission (NDDC).
“In those three cases, the commission recovered N27,184,357,524.52 and $19,084,419.33 (N41.78 billion in total). More investigations are still ongoing. But in all these, recovery is very key,”
Former governors, ex-ministers, and others under investigation
Oyewale said some former governors, former ministers and ministry officials were under investigation following petitions received by the commission, Vanguard reported.
He added that details of their involvement in the alleged money laundering, stealing and misappropriation of funds will soon be made public.
Earlier, Legit.ng reported that EFCC said several petitions received by the anti-graft agency have led to the investigation of some former governors, ex-ministers and top officials of some ministries.
The commission said their involvement would soon be disclosed to the public for consumption.
EFCC arrests "senator" in Abuja over €5.7m Fraud
Meanwhile, EFCC operatives apprehended a fake senator, Ifechukwu Tom Makwe, over an alleged €5.7m internet fraud.
Makwe was reportedly arrested in the Guzape area of the Federal Capital Territory after credible intelligence revealed his internet-related fraud activities.
Source: Legit.ng
