EFCC Recovers N54.731Bn

The Economic and Financial Crime Com­mission (EFCC) has recovered the sum of N54.731billion from fraudulent petroleum product marketers in the North West zone of the country. The money was recovered between January and October this year.


It, however, de­bunked the growing rumours that the im­mediate past Governor of Kano State, Senator Rabiu Musa Kwank­waso, is under inves­tigation and will soon be arrested for alleged dubious financial deals
The Kano political turf has been awashed with the news that Kwankwaso who held sway in the Govern­ment House between 2011 and 2015 may soon be arrested by the EFCC for alleged shoddy financial deals during his tenure.
It was learnt that a group of people had sent a series of peti­tions to the EFCC over Kwankwaso’s financial activities while he was governor of the state.
But the North West Zonal Head of Op­erations, EFCC, Mr Nnaghe Obono Itam, said his office was yet to receive any petition that could prompt the investigation of Kwank­waso.
He said, “We have not received any petition concerning Kwank­waso in the zone un­less they have it in the headquarters; and they are yet to send it to us”, Itam told journalists.
Giving an account of the activities of the agency in the North West within the first 10 months of this year in Kano, Itam said that the commission recovered the sum of N54.731billion from dubious petroleum product marketers.
He said that the mar­keters collected the products and sold them but refused to remit the money into the federal government coffers.

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