The Economic and Financial Crimes Commission (EFCC) underscores that its investigations target systems and intricate webs of fraudulent practices, not individuals. The commission discloses ongoing inquiries into alleged financial misappropriations, emphasizing that banks implicated in the fraud are under scrutiny. Managing Directors of the implicated banks have cooperated with investigators, providing valuable information.
The EFCC clarifies that no one allegedly involved in the fraud has been cleared yet, and investigations are progressing steadily. The public is urged to disregard any contrary claims.
Regarding efforts against Naira abuse and the dollarization of the economy, the EFCC acknowledges public support and involvement. Members of the public increasingly report instances of Naira abuse, demonstrating a growing awareness of the importance of preserving the national currency.
Moving forward, the EFCC vows to investigate and prosecute individuals involved in Naira abuse, noting that new instances of infractions will be pursued rigorously. Several celebrities are currently under investigation for Naira abuse, with many providing statements to the commission.
The EFCC reiterates its commitment to operating without bias and warns the public to comply with laws against financial crimes.
In recent developments, the EFCC announces its scrutiny of 50 bank accounts and the recovery of N30 billion in an ongoing probe of the Ministry of Humanitarian Affairs for alleged money laundering. The recovered sum has been deposited into the Federal Government’s coffers.
The EFCC emphasizes the need for patience in concluding investigations and highlights the complexity of the case. The commission calls for unity in the fight against corruption, urging cooperation from all sectors, including the judiciary and legislative branches, and encouraging Nigerians to report instances of corruption and hold corrupt officials accountable.
The Economic and Financial Crimes Commission (EFCC) underscores that its investigations target systems and intricate webs of fraudulent practices, not individuals. The commission discloses ongoing inquiries into alleged financial misappropriations, emphasizing that banks implicated in the fraud are under scrutiny. Managing Directors of the implicated banks have cooperated with investigators, providing valuable information.
The EFCC clarifies that no one allegedly involved in the fraud has been cleared yet, and investigations are progressing steadily. The public is urged to disregard any contrary claims.
Regarding efforts against Naira abuse and the dollarization of the economy, the EFCC acknowledges public support and involvement. Members of the public increasingly report instances of Naira abuse, demonstrating a growing awareness of the importance of preserving the national currency.
Moving forward, the EFCC vows to investigate and prosecute individuals involved in Naira abuse, noting that new instances of infractions will be pursued rigorously. Several celebrities are currently under investigation for Naira abuse, with many providing statements to the commission.
The EFCC reiterates its commitment to operating without bias and warns the public to comply with laws against financial crimes.
In recent developments, the EFCC announces its scrutiny of 50 bank accounts and the recovery of N30 billion in an ongoing probe of the Ministry of Humanitarian Affairs for alleged money laundering. The recovered sum has been deposited into the Federal Government’s coffers.
The EFCC emphasizes the need for patience in concluding investigations and highlights the complexity of the case. The commission calls for unity in the fight against corruption, urging cooperation from all sectors, including the judiciary and legislative branches, and encouraging Nigerians to report instances of corruption and hold corrupt officials accountable.
