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 of 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.
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 yielded the recovery of N32.7billion and $445,000 so far,” the statement reads.
“Discreet investigations by the EFCC have opened other fraudulent dealings involving Covid-19 funds, the World Bank loan, Abacha recovered 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.
“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.
Those found wanting will be prosecuted accordingly. Additionally, the EFCC has not cleared anyone allegedly involved in the fraud. Investigations are ongoing and advancing steadily. The public is enjoined to ignore any claim to the contrary.”
On Wednesday, Betta Edu, suspended minister of humanitarian affairs, said she has no link with the N30 billion purportedly recovered by the EFCC.
On January 8, President Bola Tinubu suspended Edu and directed the EFCC “to conduct a thorough investigation into all aspects of the financial transaction” involving her ministry.
