In a series of significant developments, the Economic and Financial Crimes Commission (EFCC) has successfully recovered a total sum of N27,184,357,524.52 and $19,084,419.33 from three distinct money laundering cases. This marks a substantial stride in the agency’s ongoing efforts to combat financial crimes and retrieve illicit funds.
The EFCC, spearheaded by Acting Chairman Abdukarim Chukkol, is poised to disclose detailed information on its investigations into former governors, ex-ministers, and various government officials. The agency has revealed: Numerous petitions have been received, prompting a thorough examination of alleged financial misappropriations across the federation.
Furthermore, the anti-graft agency is actively delving into cases of monumental procurement fraud involving officials from the Federal Ministry of Power and the Ministry of Agriculture. The spokesperson for the EFCC, Dele Oyewale, revealed these developments during a media interaction in Lagos, emphasizing the agency’s commitment to its mandate.
Several houses in the Federal Capital Territory, Lagos, and Cross River states have been seized by the EFCC, identified as proceeds of funds earmarked for the Mambilla and Zungeru Power projects. These funds were diverted through various Bureau de Change operators, and the agency is diligently working on recovering assets tied to these fraudulent activities.
Oyewale provided insights into the ongoing recovery efforts, stating, “Petitions were received in respect of several public officials, some of them former governors, some former ministers, and some ministry officials, and investigations are ongoing on those petitions; however, details of their involvements and our investigations will soon be made public.”
Additionally, he highlighted the investigations into procurement fraud related to the Mambilla and Zungeru Power projects, affirming the recovery of several houses acquired with the misappropriated funds.
The EFCC’s proactive approach, intensified risk assessments, and relentless recovery efforts reflect its dedication to combating corruption and ensuring accountability in financial dealings.