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EFCC reveals recovery of N30bn in investigation involving former NSIPA CEO and suspended Minister, Betta Edu.
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President Tinubu’s suspension of Edu and Shehu follows allegations of financial mismanagement.
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Scrutiny extends to 50 bank accounts as EFCC intensifies probe, with over N30 billion already recovered.
EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has disclosed the recovery of N30bn in its investigation into the National Social Investment Programme Authority (NSIPA), involving former CEO Halima Shehu and suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu.
Additionally, the agency has initiated scrutiny of 50 bank accounts linked to the probe.
This online media platform gathered that President Bola Tinubu suspended Edu and Shehu approximately three months ago due to allegations of financial mismanagement.
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Consequently, the Social Investment Programme was also suspended, with the EFCC tasked to lead the investigation into both officials.
Chairman of the EFCC, Ola Olukoyede, revealed these developments in the March edition of the agency’s monthly e-magazine, EFCCAlert.
He said: “We have laws and regulations guiding our investigations. Nigerians will also know that they are already on suspension and this is based on the investigations we have done, and President Bola Ahmed Tinubu has proved to Nigerians that he is ready to fight corruption.
“Moreover, with respect to this particular case, we have recovered over N30 billion, which is already in the coffers of the Federal Government. It takes time to conclude investigations; we started this matter less than six weeks ago.
“There are cases that take years to investigate. There are so many angles to it. And we need to follow through with some of the discoveries that we have seen. Nigerians should give us time on this matter; we have professionals on this case and they need to do things right. There are so many leads here and there.
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“As it is now, we are investigating over 50 bank accounts that we have traced money into. That is no child’s play. That’s a big deal. Then you ask about my staff strength. And again, we have thousands of other cases that we are working on.”
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