Again, whistle-blower leads EFCC to suspected stolen N4 billion

EFCC Operatives
EFCC Operatives

A whistle blower on Tuesday led the Economic and Financial Crimes Commission, EFCC, to N4 billion suspected to be proceeds of corruption.

The commission disclosed this in a message sent to the media on Tuesday evening.

However, EFCC did not state where and how the latest discovery was made.

It said investigations revealed that the money belonged to a former deputy governorship candidate in Niger State.

“The suspect uses the names of two companies – Katah Property & Investment Limited, and Sadiq Air Travel Agency – in laundering the funds.

“Each of the company has N2 billion fixed in its deposit account domiciled in Guaranty Trust Bank.

“The suspected owner of the account and the account officer are currently on the run,” the commission said.

The News Agency of Nigeria recalls that the EFCC on Monday intercepted huge sums of money in various currencies totalling about N250 million at the popular Balogun market in Lagos.

According to its spokesperson, Wilson Uwujaren, the discovery followed information from a whistle blower that the money was being moved somewhere in the market for conversion into foreign currencies by unnamed persons.

The April 10 episode came barely three days after the commission recovered N449 million at an abandoned bureau de change in Victoria Island, Lagos.

Similarly, a tip-off by a whistle blower also led to the discovery of N49 million in crispy notes of N200 and N50 abandoned at the Kaduna International Airport on March 13.

(NAN)


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  • Demola Oguns

    Premium Times Editor,

    Governance is an activity
    based on the confidence of the people that wrongs will be
    punished. Anyone diverting Nigeria’s petrol assets into private pockets was
    reckless and should be removed from NNPC. Ditto, anyone aiding and abetting the
    importation of five billion Naira worth of fake tyres into Nigeria, by issuing
    valid import permit; to virtually wipe out thousands of Nigerian families,
    cannot be trusted anymore to remain as a Director of Standards Organization of
    Nigeria (S.O.N) and should be summarily dismissed in the public interest.

    I hope President Buhari
    will stay on this new road of correct anti-corruption stance. Since resuming
    power Buhari has been winking at government officials implicated in fraud under
    his government. By so doing Buhari signalled to those officials he would fight
    against fraud only on the other side of the road. Buhari’s anti-corruption eyes
    were then focused only on past government officials in the rival PDP party. As
    a consequence, fraud erupted under Buhari administration with impunity.

  • Broadway2

    My God, what a country, what a people!

  • Nkem

    So if this whistle blower policy is so effective like this, then why didn’t we think of it all this while? Now, my only problem is these criminal judges. We read from the article that both the culprit and his account officer are on the run. But soon they will emerge from their hideouts, after having done the necessary ground work with their lawyers and the judges, And then the crook with and a gown calling himself a judge will order EFCC to give the money back to the thief. Very depressing.

    • Chinedu

      It is only uncouth and frustrated people that go about cursing. But reading your intervention, I want to think you have gone beyound that category. I genuinely believe that your reactions will be better without the curses. Kindly stop addressing the judiciary as rouges. Kamar has no permanent abode.

  • new republic

    Like YAKUBU,after their connection in the presidency,like DAURA AND ABBA KYARI they will come out from hidding and claim the money.

  • Bahaushe

    Banks in Nigeria would be in dilemma over weather to continue sacking staff members to reduce cost but for the fear of backlash as disgruntled staff member is ready to switch loyalty to whistle blowing venture.This is not good time for banking industry that heavily relied on deposit mobilisation even if is from the devil just to generate revenue.

  • Bulus

    Uncivilized monkeys

  • THEARGUMENTATOR

    I strongly believe the minister had said well, on the matter of whistleblowing . the only thing that’s left, is for a good punishment to be implemented on the thief’s I would cal them and the agreed randsome be paid to the whistle blower himself to encourage more and more of our stolen money be recovered.. God bless Nigeria