• Senate uncovers alleged N447b duty waivers fraud

• Anti-graft agency releases PTAD chief, Dudafa
Nigeria’s recovered loot has increased by at east N6.66 billion. The amount is part of the N23.3 billion ($115 million) election campaign bribe allegedly
distributed by former Minister of Petroleum
Resources, Deziani Alison-Madueke, through Fidelity Bank.

While the chief executives of Sterling Bank and Access Bank
reportedly refunded N5 billion and $5 million (N1 billion) respectively, the Economic and Financial Crimes Commission (EFCC) has recovered N17 million from former Secretary to the Government of Bauchi State, Alhaji Ahmed Ibrahim Dandija, and two others from the
state.

It also reportedly recovered N49 million from Fidelity Bank. The amount is said to be the profit the bank made for helping Alison-Madueke to share the $115 million to designated people in the country. The aggregate of these
recovered funds is N6.66 billion while N16.64billion is yet to be recovered.

The $115 million which was allegedly used to bribe Independent National Electoral commission (INEC) officials as well as the then ruling Peoples Democratic Party (PDP)
members nationwide, was given to Fidelity Bank by the former minister, who is currently being investigated in the United Kingdom on money laundering and corruption charges.

She was said to have sourced $88 million from some oil companies while she contributed N26 million. She was said to have
used four companies to deposit the money into the bank, with the mandate that the bank
distributes it nationwide.So far, N6.66 billion of the fund has been recovered while the EFCC continues investigation to recover the remaining fund.

Meanwhile, the Senate yesterday uncovered N447.42 billion fraud
committed by past administration on import duty waivers,
concessions and grants by different Ministries,
Departments and Agencies (MDAs) of government from 2011 to 2015.

Presenting the report, Chairman, Senate Adhoc Committee on
Import Duty Waivers,
Concessions and Grants, Senator Adamu Aliero (APC, Kebbi Central) said the report was a follow-up to a
motion moved on the floor of the Senate in January this year. The
Senate had subsequently set up an adhoc committee to investigate the claims in the motion and report back to it within a specified time.

The EFCC said that it released suspended Director General of the
Pension Transitional
Arrangement Directorate (PTAD), Nelly Mayshak and
former aide to ex- President Goodluck Jonathan, Warimopei Dudafa, yesterday.

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https://uzopedia./2016/05/25/efcc-recovers-n6-66b-from-alison-maduekes-campaign-spending/