The Economic and Financial Crimes Commission has alleged that banks helped ministry officials loot COVID-19 funds and loots recovered from late military ruler General Sani Abacha funds. This follows the recovery of N32.
“It is instructive to stress that the Commission’s investigations are not about individuals,” EFCC said.“Banks involved in the alleged fraud are being investigated. Managing Directors of the indicted banks have made useful statements to investigators digging into the infractions.” It also noted that the discreet investigations by the agency have also opened other fraudulent dealings involving COVID-19 funds, the World Bank loan, and Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate.
It, however, urged the public to ignore any claim to the contrary, stating that investigations are ongoing and advancing steadily.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
The Nigerian Army has ordered a comprehensive investigation into the alleged unprofessional conduct of some of its personnel in the tragic death of a hotel manager in Umuahia, Abia State. Army’s spokesperson, Onyema Nwachukwu, disclosed this in a statement on Sunday “In response to this unfortunate incident, the Chief of Army Staff has promptly ordered…
COVID-19 EFCC
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EFCC Discovers Fraudulent Dealings Involving COVID-19 Funds and Abacha Loot at Ministry of Humanitarian AffairsThe Economic and Financial Crimes Commission (EFCC) has uncovered fraudulent activities related to COVID-19 funds, World Bank loan, and Abacha recovered loot at the ministry of humanitarian affairs. The investigation has led to the recovery of N32.7 billion and $445,000 so far. Suspended officials of the ministry are linked to the fraudulent practice and will be prosecuted.
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COVID-19 funds, recovered Abacha loot re-looted by govt officialsFrom the EFCC came a revelation that an investigation that ministry officials relooted Abacha recovered loot.
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CPPE: Banks' recapitalisation is to ensure safety of depositors’ fundsNigeria's independent online newspaper
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