The Economic and Financial Crimes Commission (EFCC) said it has recovered a staggering total of N27,184,357,524.52 and $19,084,419.33 from three separate money laundering cases.
EFCC spokesperson Dele Oyewale disclosed that the commission has received petitions against several public officials, including former governors and ministers, while confirming that investigations are ongoing and details will soon be made public.
Oyewale also revealed that the EFCC is investigating monumental fraud involving officials from the Federal Ministry of Power and Agricultural Procurement.
He noted that funds meant for the Mambilla and Zungeru Power projects were allegedly diverted through various Bureau de Change operators.
The anti-corruption body has taken possession of several houses purchased with the diverted funds. These properties are located in the Federal Capital Territory, Lagos, and Cross River states.
Oyewale emphasized that the EFCC’s prevention initiatives, risk assessment, and recovery efforts are being intensified. The commission’s actions send a strong message about its commitment to tackling corruption and ensuring accountability at all levels of government.