EFCC has said on Monday that it has recovered over N5 billion from investigations in the oil subsidy fraud, disclosing that more than 40 suspects involved in the fraud are currently facing prosecution.
Ibrahim Lamorde, chairman of EFCC 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 also added that so far, one conviction and recovered property valued at over a billion naira has been secured in the pension fraud matter.
He dismissed insinuations that the anti-graft agency has adopted a low profile in the anti-graft campaign.
Lamorde said, “A few cynics have in recent times talked about the commission maintaining a low profile. No such thing exists adding that cases abound in the agency’s offices across the six zones of the country”.
He also revealed that the commission is currently investigating a case of fraud in an old generation bank in Port Harcourt, where a customer, working with his wife who is a banker in a new generation bank, defrauded the bank of the sum of N855m.
According to Lamorde, the suspect, identified as one Uchenna Ogbonnaya Dike, cashed in on system glitches to perpetrate the scam over a period of five months by transferring funds from the bank into accounts in the new generation bank.
He stressed that the EFCC has intensified efforts to apprehend the suspects’ accomplices, who are currently on the run.
He said, “We are determined to check all incidences of fraud in the banking sector”.
The EFCC boss urged media practitioners to continue reporting court cases involving financial crime beyond the arraignment stage.
EFCC has said on Monday that it has recovered over N5 billion from investigations in the oil subsidy fraud disclosing that more than 40 suspects involved in the fraud are currently facing prosecution.
Ibrahim Lamorde, chairman of EFCC 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 also added that so far, one conviction and recovered property valued at over a billion naira has been secured in the pension fraud matter.
He dismissed insinuations that the anti-graft agency has adopted a low profile in the anti-graft campaign.
Lamorde said, “A few cynics have in recent times talked about the commission maintaining a low profile. No such thing exists adding that cases abound in the agency’s offices across the six zones of the country”.
He also revealed that the commission is currently investigating a case of fraud in an old generation bank in Port Harcourt, where a customer, working with his wife who is a banker in a new generation bank, defrauded the bank of the sum of N855m.
According to Lamorde, the suspect, identified as one Uchenna Ogbonnaya Dike, cashed in on system glitches to perpetrate the scam over a period of five months by transferring funds from the bank into accounts in the new generation bank.
He stressed that the EFCC has intensified efforts to apprehend the suspects’ accomplices, who are currently on the run.
He said, “We are determined to check all incidences of fraud in the banking sector”.
The EFCC boss urged media practitioners to continue reporting court cases involving financial crime beyond the arraignment stage.
