.jpeg "EFCC collects N41.78 billion from former AGF allies and power projects.")
According to the spokesperson, Dele Oyewale, it was revealed yesterday that the Acting Chairman's primary focus on the retrieval of funds has resulted in the successful acquisition of N27.18 billion and $19.08 million (equivalent to N14.60 billion) during the past several months.
Despite a recent decrease in the level of actions undertaken by the Economic and Financial Crimes Commission (EFCC), Oyewale asserts that the commission's efforts are still ongoing and aligned with its designated objectives.Of Ailments
The individual stated that continuing investigations were being conducted regarding a significant case of fraud involving some individuals from the Federal Ministry of Power and Agriculture.
These actions exhibit characteristics that are indicative of potential procurement fraud. The cash allocated for the Mambilla and Zungeru Power projects are being redirected through various Bureau de Change operators. Currently, a number of dwellings that were acquired using the allocated monies are through the process of reclamation. According to Oyewale, the residences are located in Abuja, Lagos, and Cross River State.
The speaker further stated that in the current legal matter involving the former Accountant General of the Federation (AGF), who is accused of embezzling N109 billion, a high-ranking government official associated with him has voluntarily surrendered N12 billion to the Economic and Financial Crimes Commission (EFCC).
In addition, a certain amount of money has been retrieved on behalf of the Niger Delta Development Commission (NDDC), the exact value of which has not been published.
The commission successfully retrieved a total amount of N41.78 billion, consisting of N27,184,357,524.52 and $19,084,419.33, in the aforementioned three instances. Further investigations are currently underway. However, it is crucial to emphasize the importance of recovery in all of these situations, as stated by Oyewale.
According to the speaker, there have been allegations of fraud against individuals who previously held public office. Petitions have been submitted regarding various public authorities, including former governors, former ministers, and ministry officials. Ongoing investigations are being conducted into the petitions pertaining to allegations of money laundering, theft, and mismanagement of funds. The specifics of their engagement and our inquiries will be disclosed to the public in the near future.
The arrest of the former Minister of Power, Sale Mamman, by agents of the EFCC on charges of an alleged N22 billion fraud is a matter that warrants remembrance.
The apprehension was reportedly linked to the commission's current inquiry into purported corruption in the implementation of several electricity initiatives.
Mamman was accused of engaging in a conspiracy with personnel from the ministry responsible for overseeing the financial matters of the Zungeru and Mambilla Hydro Electric Power projects. This claimed collaboration resulted in the diversion of N22 billion, which was then distributed among the involved parties.