ASHENEWS reports that the Economic and Financial Crimes Commission, (EFCC) says that it has recovered fraudulent dealings involving Covid -19 funds, the World Bank loan, and Abacha recovered loot released to the Ministry for Humanitarian Affairs, Disaster Management and Social Development by the federal government.
The EFCC stated this on Sunday in a statement issued by the spokesperson for the commission, Dele Oyewale.
The EFCC said that the statement is meant to dispel commentaries, opinions, assumptions, and insinuations concerning the progress of its mobile investigations into the alleged financial misappropriation in the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
It noted that the recoveries of N32.7 billion and $445,000 were made after past and suspended officials of the Humanitarian Ministry were invited by the Commission.
“Discreet investigations by the EFCC have opened other fraudulent dealings involving Covid -19 funds, the World Bank loan, Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate. Investigations have also linked several interdicted and suspended officials of the Ministry to the alleged financial malfeasance,” the EFCC said.
The commission added that it was also probing some banks for their alleged involvement in such fraudulent practices.
“It is instructive to stress that the Commission’s investigations are not about individuals. The EFCC is investigating a system and intricate web of fraudulent practices. 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. Those found wanting will be prosecuted accordingly.
“Additionally, the EFCC has not cleared anyone allegedly involved in the fraud. Investigations are ongoing and advancing steadily. The public is enjoined to ignore any claim to the contrary.”
ASHENEWS recalls that the EFCC recently said it has recovered N30 billion relating to the Ministry for the Nigerian government, and probing 50 bank accounts.
