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The EFCC has reportedly uncovered over N37 billion allegedly laundered in the Ministry of Humanitarian Affairs during the Buhari administration under former minister Sadiya Umar-FaroukThe funds, transferred from the federal government’s coffers, were sent to 38 different bank accounts connected to contractor James OkweteOkwete allegedly engaged in suspicious transactions, including transferring N6.7 billion to Bureau De Change Operators and withdrawing N540 million in cash, among others
Legit.ng journalist Nurudeen Lawal has 8 years of experience covering Presidential Administrations
FCT, Abuja – The Economic and Financial Crimes Commission (EFCC) has reportedly uncovered N37,170,855,753.44 (over N37 billion) allegedly laundered in the Ministry of Humanitarian Affairs.
The alleged fraud happened under former minister Sadiya Umar-Farouk during the Muhammadu Buhari administration, The Punch reported.
The EFCC reportedly uncovered a total sum of NN37.1 billion allegedly laundered in the Ministry of Humanitarian Affairs under former minister Sadiya Umar-Farouk.
Photo credit: @Imranmuhdz
Source: Twitter
Apart from Umar-Farouk, a contractor identified as James Okwete was also indicted in the alleged money laundering.
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N37bn transferred to 38 bank accounts
According to the newspaper, the money was transferred from the federal government’s coffers and sent to 38 different bank accounts domiciled in five legacy commercial banks belonging to or connected with Okwete.
After receiving the funds, Okwete allegedly performed some suspicious transactions, which include:
He transferred N6.7 billion to Bureau De Change OperatorsWithdrew N540 million in cashPurchased luxury cars with N288 millionBought luxury houses in Abuja and Enugu state with N2.1 billion
It was also gathered that 53 companies were allegedly traced to Okwete. He reportedly used 47 of the companies to get federal government contracts worth N27.4 billion.
The indicted contractor is also linked with 143 bank accounts in 12 commercial banks, in which 134 accounts are corporate accounts linked to different companies.
No comment from EFCC
Meanwhile, the EFCC is yet to react to the alleged fraud officially.
The Punch reported that the commission’s spokesperson, Dele Oyewale, neither confirmed nor denied the story when contacted over the development.
EFCC releases ex-power minister, Olu Agunloye
In another report, the EFCC granted bail to former minister of power and steel, Olu Agunloye, after a week in detention.
EFCC spokesperson Oyewale confirmed Agunloye’s release on Wednesday, December 20.
Recall that Agunloye was declared wanted by the EFCC weeks ago over alleged involvement in a $6 billion fraud linked to the Mambilla hydropower project.
Source: Legit.ng
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