Whistle Blowing: EFCC Uncovers Another N4billion


A tip-off by a whistle
blower has led to another discovery by the Economic and Financial Crimes
Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of
crime.

EFCC says investigations as to the owner of the funds revealed that the money
belongs to a former deputy governorship candidate in Niger State.

“The suspect uses the names of two companies – Katah Property & Investment
Limited and Sadiq Air Travel Agency- in laundering the funds,” says a statement
by Media & Publicity unit of the Commission.


Each of the company has N2billion fixed in its deposit account domiciled in
Guaranty Trust Bank.

The suspected owner of the account and the account officer are currently on the
run, according to the statement.

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