The Management of Benue Investment and Property Company Limited (BIPC), has disclosed that the Economic and Financial Crimes Commission (EFCC) had recovered N7.8 million belonging to the company.
The Managing Director and Chief Executive Officer (MD/CEO) of BIPC, Dr Raymond Asemakaha disclosed this on Tuesday in Makurdi.
Asemakaha said the recovery was from past officers of the company who engaged in corrupt practices.
He said the draft cheque of the money was handed over to the company, adding that more recoveries were still being expected.
He said that the recovery was a positive step in strengthening the integrity of the company and promoting a culture of accountability under the leadership of Gov. Hyacinth Alia.
Asemakaha said that the prompt action taken by the EFCC not only showcases the dedication and professionalism of the EFCC but also underscores their commitment to upholding justice and combating financial crimes.
“This successful recovery underscores the importance of robust investigative procedures and the commitment to upholding integrity in financial transactions,” he said.
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering.
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community’s efforts to fight money laundering.
The agency has its head office in Abuja, Nigeria.
Under the previous EFCC chairman Nuhu Ribadu, the agency has addressed financial corruption by prosecuting and convicting several high-profile corrupt individuals, ranging from Nigeria’s former chief law enforcement officer to several bank chief executives. By 2005, the EFCC arrested government officials including, Diepreye Alamieyeseigha.
In September 2006, the EFCC had 31 of Nigeria’s 36 state governors under investigation for corruption.
NAN
