The Economic and Financial Crimes Commission (EFCC) has refuted allegations of distributing forfeited assets among its officials, government ministers, and aides of Chief Bola Tinubu.
The allegations claimed that the EFCC shared N54 billion, which had been forfeited by associates of the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
In a statement issued by EFCC spokesperson Dele Oyewale, the commission dismissed the reports as false and misleading.
Oyewale emphasised that the concept of sharing forfeited assets is entirely foreign to the EFCC’s operations, urging the public to disregard the claims.
The EFCC clarified that both the EFCC Act, 2004, and the Proceeds of Crime (Recovery and Management) Act, 2022, clearly outline the procedures for managing forfeited assets. According to the commission, all proceeds of forfeited assets are paid into designated accounts, leaving no room for “sharing” or misappropriation.
The statement partly read, “The sensational report which was promoted ostensibly to scandalise the agencies mentioned, betrays the author’s ignorance of the existing asset recovery and management framework.
“Both the EFCC Act, 2004 and the Proceeds of Crime (Recovery and Management) Act, 2022, are unambiguous in terms of the accounts into which proceeds of forfeited assets are to be paid.
“There is no ‘platform’ for the ‘sharing of forfeited assets’; the notion itself being infantile,” the statement added.
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