The Economic and Financial Crimes Commission (EFCC) announced yesterday that it is investigating some former governors, ministers, and ministry officials following petitions it received. The EFCC also said that it will soon release more information about the investigations.
The Commission’s Spokesman, Mr. Dele Oyewale, revealed that the EFCC has successfully retrieved N27 billion and $19 million in three distinct cases under investigation, highlighting significant progress in alignment with its mission.
Oyewale said: “The Commission’s works are progressing in line with our mandate.”
“Petitions were received in respect of several public officials, some of them former governors, some former Ministers, and some Ministry officials. I can tell you investigations are ongoing on those petitions
“Details of their involvement 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 Agricultural Procurement fraud.”
Funds earmarked for the Mambilla and Zungeru Power projects have been funneled through various Bureau de Change operators. Currently, multiple properties purchased with these funds are in the process of being reclaimed, with the properties located in Abuja, Lagos, and Cross River State.
“Similarly, in three different cases, the Commission has recovered N27, 184, 357, 524 and $19, 084, 419 and we are still recovering.”
“Our prevention initiatives, risk assessment, and recovery efforts are being intensified.”