Edugate: N30bn Recovered To Federal Government Account – EFCC

A sum of N30 billion has been recovered by the Economic and Financial Crimes Commission, EFCC, in the ongoing investigation of suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and former Chief Executive Officer of the National Social Investment Programme Authority, NSIPA, Halima Shehu.

Also, the anti-graft agency said it has placed 50 bank accounts under investigation in the ongoing investigation.

This was disclosed by Ola Olukoyede, the Chairman of EFCC, in the March edition of the anti-graft agency’s monthly e-magazine, EFCCAlert.

He said: “We have laws and regulations guiding our investigations. Nigerians will also know that they are already on suspension and this is based on the investigations we have done, and President Bola Ahmed Tinubu has proved to Nigerians that he is ready to fight corruption.

“Moreover, with respect to this particular case, we have recovered over N30 billion, which is already in the coffers of the Federal Government. It takes time to conclude investigations; we started this matter less than six weeks ago.

“There are cases that take years to investigate. There are so many angles to it. And we need to follow through with some of the discoveries that we have seen. Nigerians should give us time on this matter; we have professionals on this case and they need to do things right. There are so many leads here and there.

“As it is now, we are investigating over 50 bank accounts that we have traced money into. That Is no child’s play. That’s a big deal. Then you ask about my staff strength. And again, we have thousands of other cases that we are working on.”