The Economic and Financial Crimes Commission on Monday
said it had recovered over N5bn from its investigations into
the oil subsidy fraud.
Also, the anti-graft agency disclosed that more than 40
suspects involved in the fraud are currently facing
prosecution.
EFCC Chairman, Ibrahim Lamorde, 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 added that in the pension fraud matter, the EFCC
has so far secured one conviction and recovered property
valued at over a billion naira.
He dismissed insinuations that the anti-graft agency has
adopted a low profile in the anti-graft campaign.
“A few cynics have in recent times talked about the
commission maintaining a low profile. No such thing exists,”
Lamorde said, adding that cases abound in the agency’s
offices across the six zones of the country.
He revealed that the EFCC 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.
“We are determined to check all incidences of fraud in the
banking sector,” Lamorde assured.
The EFCC boss urged media practitioners to continue
reporting court cases involving financial crime beyond the
arraignment stage.

Source: http//:www.punchng.com/news/efcc-recovers-n5bn-from-oil-thieves/

Dahjhi:
Only to be recovered to be RE- EMBEZZLED

hahhhh





hhaaaaaaààaaaaaaaaaaaaasssssaasssaaaaaaa
aaaaassssssssssaaaaaaaahhhhhhhhhhhhhhhghg

true say

the man is a dog lamorde full monkey

If the oil dry up we can still get revenue by recovering money from oil theives

donmalcolm21:
If the oil dry up we can still get revenue by recovering money from oil theives

Boss don't be banking on that. The European people don't release money anyhow these days serious if we are stupid enough to let them steal it then they are not stupid enough to release the money anytime you want it . A penny helps their economy they always feel reluctant to release stolen money.