EFCC Hands Over Recovered N263m to Kwara Govt
Thompson Nsisongabasi
Mar 03, 2020
The Ilorin Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Tuesday, March 3, 2020 handed over N263,327,800 (Two hundred and sixty-three million, three hundred and twenty-seven thousand, eight hundred naira only) to the Kwara State Government.
READ ALSO: Sowore's Miscalculation and the Need to beat a Wise Retreat
The money, which was recovered by the EFCC, following painstaking investigations, was handed over to the state governor, Abdulrahaman Abdul-Razak, by the Head of the Zone, Isyaku Sharu at the EFCC office in Ilorin, the Kwara State capital.
Sharu revealed that the money was recovered from suspected looters of the state's treasury.
READ ALSO: Prominent Abia Monarch, Eze Bernard Enweremadu is dead
He said: "The money was siphoned from KWIRS and 16 Local Government Areas of the state.ÔÇØ
READ ALSO: EXPLOSIVE: HOW MY MOTHER WAS KILLED IN AROCHUKWU LGA, ABIA STATE - MRS. EPHRAIM GIVES DETAIL (VIDEO)
He further explained that about N5 billion was siphoned from KWIRS and shared in the ratio of 30/70 percent by some notable individuals in the state through their cronies.
He said: "We have 48 convictions and the worth of recovered assets, both at interim and final forfeiture is in excess of N8.5 billion.
READ ALSO: JUST IN: HOW 5 SOLDIERS VANISH WITH BILLIONS OF NAIRA
"The mandate given to the Commission is to conduct holistic and all-inclusive clean up of fraud and pen robbery, and we will not relent in doing this.ÔÇØ
READ ALSO: ÔÇØAIDS has no cureÔÇØ - NEPWHAN President
Receiving the recovered fund, Gov. Abdul-Razak promised to utilize the money judiciously.
READ ALSO: I Will Not Allow Criminality As President, Peter Obi Declares
He said: "The money I received today is N263,327,800, while the last recovered fund was N210 million.
READ ALSO: DEBT D!SASTER: Atiku shocked by Nigeria's debt profile, says nation in financial crisis
"This fund will be used to augment the budget, social development and the remaining will be used for paying state government debt to federal government on the SME programme.ÔÇØ
He further revealed that the previous administration in the state, took a loan of N2 billion from the Federal Government to implement SME programmes, but nothing was accounted for, as most of it was basically stolen.
READ ALSO: Buhari Is Threat To Nigeria's Security - Junaid Mohammed
It will be recalled that the Ilorin Zonal Office had in October last year handed over the sum of N112million cash recovered from thieves of the state treasury and handed over the state government.
Related Stories
REVEALED: How All Progressives Congress (APC) Played Into The Opposition Hands Ahead Of 2027 - Sumner Sambo Warns
I Will Not Allow Criminality As President, Peter Obi Declares
Why El-Rufai Was Returned To ICPC Custody?
Sowore's Miscalculation and the Need to beat a Wise Retreat
Tinubu Breaks Silence on Hardship, Inflation, Power Crisis - Vows Nigeria Will Overcome Economic Storm
"Terrorists Have Outgunned Our TroopsÔÇØ - Ndume Raises Alarm Over Boko Haram War, Sends Urgent Message To Tinubu
""
— Thompson Nsisongabasi