The Economic and Financial Crimes Commission has recovered a total of N27,184,357,524.52 and $19,084,419.33 from three distinct money laundering cases, as the anti-graft agency continues to make attempts to collect additional illegal monies.
Following the receipt of multiple petitions, the anti-graft agency stated that it would soon make public information about its ongoing investigation of certain former governors, ex-ministers, and several government employees across the federation.
The EFCC’s spokesman, Dele Oyewale, announced the developments on Wednesday while addressing journalists in Lagos.
He said that the anti-corruption office is also investigating some massive procurement fraud involving officials from the Federal Ministry of Power and the Ministry of Agriculture.
Oyewale stated that the anti-graft agency has confiscated multiple residences in the Federal Capital Territory, Lagos, and Cross River states as a result of cash diverted from the Mambilla and Zungeru Power projects through various Bureau de Change operators.
According to Oyewale:
“In three different cases, the commission has recovered N27,184,357,524.52 and $19,084,419.33. While ongoing recovery is being made, the commission’s works are progressing in line with our mandate as prevention initiatives, risk assessments and recovery efforts are being intensified.
“Petitions were received in respect of several public officials, some of them former governors, some former ministers, and some ministry officials, and investigations are ongoing on those petitions; however, details of their involvements and our investigations will soon be made public.
“Also, investigations are ongoing in respect of monumental fraud involving some officials of the Federal Ministry of Power and Agriculture; procurement fraud actually. Funds meant for the Mambilla and Zungeru Power projects are diverted through sundry Bureau de Change operators. For now, several houses purchased with the funds are being recovered. The houses are in Abuja, Lagos and Cross River States.”
cc: Punch Ng
