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Eko Hot Blog reports that 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 of7 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.
The anti-graft agency said its recent investigation into the affairs of the ministry has led to the recovery of N32.7 billion and $445,000 so far.
EFCC Headquarters
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 opened other fraudulent dealings involving Covid-19 funds, the World Bank loan, Abacha mm 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.
File Image of EFCC Chairman, Olukoyede
“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.
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