EFCC recovers N27bn, $19m, investigates former govs, ex-ministers
As additional efforts are made by the anti-graft agency to recover more illicit cash, the Economic and Financial Crimes Commission has recovered a combined total of N27,184,357,524.52 and $19,084,419.33 from three different money laundering instances.
Following the receipt of multiple petitions, the anti-graft agency declared that it will soon release information regarding its ongoing investigation of a number of former governors, ex-ministers, and other government officials around the federation.
According to a report, the anti-graft agency is also looking into massive procurement fraud involving some representatives of the Federal Ministry of Power and the Ministry of Agriculture.
The spokesperson for the EFCC, Dele Oyewale, made the developments known on Wednesday while speaking on behalf of the EFCC acting Chairman, Abdukarim Chukkol, during a media interaction with select journalists in Lagos.
Oyewale said the anti-graft agency had seized several houses in the Federal Capital Territory, Lagos and Cross River states which are proceeds of funds meant for the Mambilla and Zungeru Power projects that were diverted through sundry Bureau de Change operators.
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“In three different cases, the commission has recovered N27,184,357,524.52 and $19,084,419.33. While ongoing recovery is being made, the commission’s works are progressing in line with our mandate as prevention initiatives, risk assessments and recovery efforts are being intensified.
“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.
“Also, investigations are ongoing in respect of monumental fraud involving some officials of the Federal Ministry of Power and Agriculture; procurement fraud actually. Funds meant for the Mambilla and Zungeru Power projects are 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 States,” Oyewale said.
Reports state that the EFCC questioned Olu Agunloye, a former minister of power, in September on a purported $6 billion Build, Operate, and Transfer contract.
Sale Mamman, a former minister of power, was detained and arrested by the EFCC earlier in May in relation to an alleged N22 billion scam.
