The Economic and Financial Crimes Commission (EFCC) has intensified its investigation into the involvement of bank Chief Executive Officers (CEOs) in the mismanagement of COVID-19 funds and World Bank loans.
In a statement released by the EFCC spokesperson, Dele Oyewale, it was revealed that the agency is also looking into the alleged mismanagement of recovered Abacha loot that was entrusted to the Ministry of Humanitarian Affairs, Disaster Management, and Social Development for distribution to beneficiaries of the Federal Government’s support-for-the-poor program.
The EFCC further disclosed that it has already recovered a total of N32.7 billion and $445,000 from top officials of the ministry, emphasizing that the misuse of the national currency is now a priority investigation for the agency.
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Shedding light on the probe, the EFCC stated that past and suspended officials of the ministry have been summoned for questioning, resulting in the recovery of the aforementioned funds.
Additionally, the EFCC’s discreet investigations have uncovered other fraudulent activities related to COVID-19 funds, the World Bank loan, and the Abacha recovered loot that was allocated to the ministry by the Federal Government for poverty alleviation purposes.
