How EFCC Discovers Fraudulent COVID Funds, World Bank Loan In Poverty Ministry

Date: 15-04-2024 9:29 am (1 month ago) | Author: onuigbo felicia
- at 15-04-2024 09:29 AM (1 month ago)
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The Economic and Financial Crimes Commission (EFCC) says it has discovered shady dealings involving COVID-19 funds, World Bank loan, as well as Abacha recovered loot at the Ministry of Poverty Alleviation and Humanitarian Affairs.

In a Sunday statement, Dele Oyewale, EFCC spokesperson, said the funds were released to the Ministry by the Federal Government to execute poverty alleviation programmes.

The anti-graft agency said its recent investigation into the affairs of the ministry led to the recovery of N32.7 billion and $445,000 so far.

The EFCC added that “suspended officials” of the Ministry were linked to the fraudulent practice, saying those found wanting will be prosecuted accordingly.

“At the outset of investigations, past and suspended officials of the Humanitarian Ministry were invited by the Commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far,” the statement reads.

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“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.

“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.”

Recall that, Betta Edu, suspended Minister of Humanitarian Affairs, announced she has no link with the N30 billion purportedly recovered by the EFCC.

Posted: at 15-04-2024 09:29 AM (1 month ago) | Addicted Hero
- kp45 at 15-04-2024 10:04 AM (1 month ago)
(m)
It's not new that corruption has taken over, somebody single handedly stole 30B and we are not hearing palliative again because the fund has been stolen.
Posted: at 15-04-2024 10:04 AM (1 month ago) | Addicted Hero
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- fineboy77 at 15-04-2024 10:13 AM (1 month ago)
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 Cool Cool Cool

Posted: at 15-04-2024 10:13 AM (1 month ago) | Addicted Hero
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- gogoman at 15-04-2024 12:45 PM (1 month ago)
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Fool!! the efcc are bunch of sucker  Roll Eyes Roll Eyes Roll Eyes
Posted: at 15-04-2024 12:45 PM (1 month ago) | Grande Master
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- nikiniki at 15-04-2024 04:40 PM (1 month ago)
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So someone sprayed currency, got jailed for it but some people stole billions....and you are letting them walk after the recovery of peanut from the whooping stolen sum?
Posted: at 15-04-2024 04:40 PM (1 month ago) | Gistmaniac
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