The Economic and Financial Crimes Commission (EFCC) has recovered a total of N27,184,357,524.52 and $19,084,419.33 from three separate money laundering cases.
The EFCC stated that it was also carrying out ongoing investigations into some monumental procurement fraud involving some officials of the Federal Ministry of Power and the Ministry of Agriculture.
According to the agency, it has seized several houses in the Federal Capital Territory, Lagos, and Cross River states which were proceeds of funds meant for the Mambilla and Zungeru Power projects that were diverted through sundry Bureau de Change operators.
The anti-graft agency further disclosed it would soon make public, details of its ongoing probe of some former governors, ex-ministers, and several government officials across the federation, following the receipt of several petitions.
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The spokesperson for the EFCC, Dele Oyewale who spoke on behalf of the EFCC acting Chairman, Abdulkarim Chukkol told journalists in Lagos on Wednesday.
Oyewale said:
“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.”
