The Economic and Financial Crimes Commission (EFCC) has been accused of more than N1 trillion fraud with documented video evidence by a whistleblower, Dr. George Uboh.
The video traces corruption and diversion of recovered loot at the EFCC as far back as during the tenure of Nuhu Ribadu.
Ekohotblog understands that the anti-corruption agency is accused of diverting more than N1 trillion in recovered funds as well as selling off properties of accused persons and diverting the proceeds into private pocket.
While the total recoveries from EFCC stand at more than N2 trillion since it’s inception till 2013, EFCC has only remitted N6.7 billion to its recovery account with the CBN during this period.
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Dr. George Uboh said within that period, the EFCC stole and diverted N1.93 Trillion minus proceeds from sales of recovered property.
Thereafter, he explained how the anti-corruption agency dupes its victims of funds.
Uboh further alleged that most of the EFCC recoveries are under-reported, adding that bank accounts statements are largely doctored.
Also, Uboh stated that heads at the EFCC put the monies into an interest yielding accounts.
Watch the video below:
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