The Economic and Financial Crimes Commission yesterday said it had recovered over N5bn from its investigations into the oil subsidy fraud.
Also, the anti-graft agency disclosed that more than 40 suspects involved in the fraud are currently facing prosecution.
EFCC Chairman, Ibrahim Lamorde, revealed these in an address presented on his behalf by the Commission’s Deputy Director, Public Affairs, Mr. Osita Nwajah, at a workshop on effective reporting of financial crimes in Enugu.
The Economic and Financial Crimes Commission yesterday said it had recovered over N5bn from its investigations into the oil subsidy fraud.
Also, the anti-graft agency disclosed that more than 40 suspects involved in the fraud are currently facing prosecution.
EFCC Chairman, Ibrahim Lamorde, revealed these in an address presented on his behalf by the Commission’s Deputy Director, Public Affairs, Mr. Osita Nwajah, at a workshop on effective reporting of financial crimes in Enugu.
Lamorde added that in the pension fraud matter, the EFCC has so far secured one conviction and recovered property valued at over a billion naira.
He dismissed insinuations that the anti-graft agency has adopted a low profile in the anti-graft campaign.
“A few cynics have in recent times talked about the commission maintaining a low profile. No such thing exists,” Lamorde said, adding that cases abound in the agency’s offices across the six zones of the country.
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