Head Topics

EFCC vows to probe bank chiefs over COVID funds, World Bank loans

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 20 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

EFCC News

World Bank

The Economic and Financial Crimes Commission, EFFC, said it has redoubled its investigation into the culpability of bank Chief Executive Officers, CEOs, in the mismanagement of COVID-19 funds and World Bank loans. This is contained in a statement by its spokesman, Dele Oyewale, on Sunday in Abuja.

The statement said that also under probe is the alleged mismanagement of recovered Abacha loot given to the Ministry of Humanitarian Affairs, Disaster Management and Social Development for disbursement to beneficiaries of the Federal Government support-for-the-poor programme. The EFCC also announced that it had recovered N32.7 billion and $445,000 so far from top officials of the ministry under its searchlight, adding that the abuse of naira has become a priority investigation of the agency.

Shedding light on the probe of malfeasance in the Humanitarian Affairs, Disaster Management and Social Development ministry, the agency said: “At the outset of investigations, past and suspended officials of the Humanitarian Ministry were invited by the commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far.

World Bank

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EFCC: we’ll try bank CEOs over COVID funds, W’Bank loansThe Nation Newspaper EFCC: we’ll try bank CEOs over COVID funds, W’Bank loans
Source: TheNationNews - 🏆 6. / 69 Read more »

EFCC: We've discovered fraudulent COVID funds, World Bank loan at humanitarian ministryThe EFCC says it has discovered other fraudulent dealings involving COVID-19 funds, World Bank loan at the ministry of humanitarian affairs.
Source: thecableng - 🏆 2. / 80 Read more »

EFCC recovers N30 billion, investigates 50 bank accounts in probe of Betta Edu, othersA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Betta Edu probe: EFCC recovers N30bn, says 50 bank accounts under investigationNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

Former Central Bank of Nigeria Governor Remanded in EFCC CustodyGodwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC) on charges of abuse of office and arbitrary allocation of foreign exchange.
Source: thecableng - 🏆 2. / 80 Read more »

Betta Edu: EFCC Investigates 50 Bank Accounts, Recovers N30bnThe Latest News from Nigeria and Around the World
Source: channelstv - 🏆 7. / 63 Read more »