Categories: FinanceNews

EFCC Accuses Banks of Complicity in Humanitarian Ministry Fraud, Recovers N32.7bn, $445,000

The Economic and Financial Crimes Commission, EFCC says it has identified some banks that are complicit in the elaborate corruption perpetrated at the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

The commission said it is investigating “a system and intricate web of fraudulent practices” involving banks and their managing directors, as well as “past and suspended officials of the Humanitarian Ministry”.

According to the statement issued by EFCC’s Head of Media and Publicity, Dele Oyewale, Managing Directors of the indicted banks have made useful statements to investigators digging into the infractions.

The suspended minister of the ministry, Betta Edu, and her predecessor, Sadiya Farouq, are among key serving and former officials that EFCC has interrogated with respect to the allegations.

VOP Lagos

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