Former Minister of Humanitarian Affairs, Sadiya Umar Faroq, has revealed that she has contacted her legal team to explore possible options to seek redress over allegations of 37 billion naira money laundering levelled against her.
You will recall that the Economic and Financial Crimes Commission, (EFCC) had earlier accused the Faroq-led ministry of laundering the total sum of N37 billion.
According to an online Newspaper, the money was transferred from the Federal Government’s coffers and sent to 38 different bank accounts domiciled in five legacy commercial banks belonging to or connected with a contractor, James Okwete.
Following receipt of the funds, Okwete allegedly transferred N6.7billion to Bureau De Change Operators, withdrew N540million in cash, purchased luxury cars with N288 million, and bought luxury houses in Abuja and Enugu State with N2.2billion.
Fifty-three companies were allegedly traced to Okwete, who was also said to have used 47 of the companies to lift Federal Government contracts amounting to N27.4 billion.
He is also linked with 143 bank accounts in 12 commercial banks in which 134 accounts are corporate accounts linked to different companies.
However, the minister in a statement released on her official X account, denied the allegations levelled against her, saying that Okwete, the person that was claimed to have overseen the laundering process, was unknown to her.
