EFCC exposes fraudulent handling of Covid-19 funds, Abacha loot in Humanitarian Ministry
- recovers a total of N32.7bn and $445,000 from humanitarian ministry
The Economic and Financial Crimes Commission (EFCC) has uncovered fraudulent activities related to Covid-19 funds and the Abacha loot, amidst mounting concerns over financial mismanagement within the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
The Commission in a statement on Sunday addressed the growing concerns surrounding its ongoing investigations into suspected financial mismanagement within the ministry.
According to Dele Oyewale, Head of Media & Publicity for the EFCC, the initial investigations have led to the recovery of a substantial sum of N32.7 billion and $445,000.
He noted that these investigations, initially focused on past and suspended officials of the ministry, have since broadened to uncover alleged fraudulent activities related to Covid-19 funds, the World Bank loan, and the Abacha recovered loot designated for poverty alleviation initiatives.
The EFCC emphasized that its inquiries are not centered around individuals but rather aim to uncover systemic fraudulent practices.
“This included scrutinizing the involvement of various banks, with managing directors of implicated banks providing crucial information to investigators.
The statement stressed that those found culpable will face prosecution, with ongoing investigations progressing steadily.
According to Oyewale, the EFCC is actively tackling Naira abuse and the dollarization of the economy.
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