Nigeria News
EFCC gives update on exonerating Betta Edu
The Economic and Financial Crimes Commission (EFCC) has provided clarity regarding its ongoing investigation into the suspected financial mismanagement within the Ministry of Humanitarian Affairs, Disaster Management, and Social Development, formerly overseen by the now-suspended Betta Edu. Contrary to speculation, the EFCC emphasized that no individuals have been absolved of wrongdoing.
In a statement released by Dele Oyewale, the Head of Media and Publicity at EFCC, it was revealed that substantial amounts, totaling N32.7 billion and $445,000, have been recovered thus far during the course of the investigation.
The statement further elucidated that the EFCC’s inquiry has expanded to encompass various instances of fraudulent activities related to Covid-19 funds, the World Bank loan, and the release of Abacha recovered assets allocated to the Ministry by the Federal Government for poverty alleviation endeavors.
Moreover, the EFCC has identified multiple officials within the Ministry, both interdicted and suspended, allegedly involved in financial impropriety. Investigations have extended to scrutinize the involvement of banks implicated in the purported fraud. Managing Directors of these banks have cooperated with investigators, providing valuable information to unearth the extent of the infractions. Those found complicit will face prosecution in due course.
The statement underscores that the EFCC’s focus is on uncovering systemic fraudulent practices rather than targeting specific individuals. It clarifies that no one implicated in the fraud has been exonerated, and investigations remain ongoing and robust.
In conclusion, the EFCC urges the public to disregard any claims suggesting otherwise, emphasizing the steadfast progression of its investigative efforts.