The Economic and Financial Crimes Commission (EFCC) says it has discovered other fraudulent dealings involving COVID-19 funds, World Bank loan, Abacha recovered loot at the ministry of humanitarian affairs.
In a statement on Sunday, Dele Oyewale, EFCC spokesperson, said the funds were released to the ministry by the federal government to execute poverty alleviation programmes.
“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 EFCC said.
“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.”
Read statement below:
Beta Edu and other Matters: For the Purpose of Clarity
1. No officials from the Ministry of Humanitarian Affairs have been cleared in ongoing investigations into financial misappropriation.
2. The EFCC has recovered N32.7 billion and $445,000 in the ongoing investigation.
3. Investigations have uncovered fraudulent dealings related to Covid-19 funds, World Bank loans, and Abacha loot.
4. Banks involved in the fraud are being investigated, with Managing Directors providing useful statements.
5. Public support in reporting Naira abuse and Dollarization of the economy is appreciated, with increased awareness of the issue.
6. The EFCC is committed to prosecuting those involved in Naira abuse, having in mind that a new task force came into operation since February 7, 2024.
7. Several celebrities are under investigation for Naira abuse, with some providing statements and more likely to be invited for questioning.
8. The EFCC maintains its no-sacred-cow approach, warning the public to comply with laws against the crime.
