The Economic and Financial Crimes Commission (EFCC), Tuesday said its operatives have discovered another N4 billion suspected to be proceeds of crime. In a statement by its spokesman, Mr. Wilson Uwujaren, the Commission noted that the discovery was consequent upon a tip-off by a whistle-blower. According to Uwujaren, the whopping cash is suspected to belong to a former deputy governorship candidate in Niger State, whose identity was, however, not disclosed. He added that the suspect allegedly used the names of two firms to launder the money. “A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime. “Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State. “The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.” Uwujaren further stated: “Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
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Posted: at 11-04-2017 10:06 PM (7 years ago) | Addicted Hero
osarobo62 at 11-04-2017 10:52 PM (7 years ago) (m)
now that there is incentive for whistle blowers, more revelations would be coming out. for those of you shouting where is the money going to,...remember only the court can give final judgement for the seizure. the EFCC can only temporarily withhold the money for it not be taken away by the alleged owner.
remember the money seized from Fayose, madam Jonah or justice Ade....... the court gave it back to them. if the govt had used that money, what would have happened ???
Posted: at 11-04-2017 10:52 PM (7 years ago) | Hero
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