The Economic and Financial Crimes Commission (EFCC) has recorded a total recovery of N30 billion for the Federal Government with about 50 bank accounts under scrutiny in relation to the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, as well as the former CEO of now defunct National Social Investment Programme Authority (NSIPA), Halima Shehu.
Edu and Shehu were both suspended by President Bola Tinubu around three months ago due to alleged financial impropriety. Consequently, President stopped Social Investment Programme and directed EFCC to take over the investigation which will look into actions taken by those implicated.
Mr. Ola Olukoyede who is the executive chairman of EFCC has revealed that the agency is making progress in its probe, emphasizing on the importance of this case and asking Nigerians to remain patient.
In their March edition of EFCCAlert e-magazine, Ola Olukoyede declared that “Our investigations are guided by specific laws and regulations. The suspensions are an outcome from our investigative efforts showing that President Bola Ahmed Tinubu is serious vabout fighting corruption.”
He added: “In addition, we have N30 billion in the federal government coffers related to this particular matter. The inquiry is intricate and protracted ever since its initiation about six weeks ago. Some cases can take years. We are actively following up on several leads discovered during our investigation; we are asking for patience from Nigerians because our experts thoroughly do their job.
“Presently, we are investigating the misappropriation of funds through more than 50 bank accounts. It is a big job. In addition, we manage many other cases at once.
“As seen by suspensions of staff and financial recoveries made, that is why it was also stopped.
“Our investigations have unearthed multiple findings that we are probing into. If members of the public are expecting arrests they must remember that due process is sacrosanct. As Olukoyede concluded, let us trust our country.”
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