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EFCC recovers N328.9bn from petroleum marketers (photos)

Posted: 08 August, 2017 at 10:25 pm
EFCC recovers N328.9bn from petroleum marketers (photos)
EFCC officials in Kano giving update about the cash recovery

The Economic and Financial Crimes Commission (EFCC) has said it had recovered over N328.9bn out of N349.8bn debts from nine major petroleum marketers within the last one year.

NAN reports that the EFCC Head of Operation, North West Zone, Kano, Mr Adamu Hamisu-Danmusa, disclosed this while addressing newsmen in Kano on Tuesday.

He said the debts, which included legacy/ bad debts and current debts, were recovered following report from the Independent Petroleum Marketers Association of Nigeria to the commission.

EFCC recovers N328.9bn from petroleum marketers (photos)

The IPMAN reported to the commission that there are some major marketers that connived with NNPC officials and received fuel allocation but refused to pay the money into the Treasury Single Account.

So after investigation, we were able to find out that there is N349.8bn as legacy/bad debts and debts on current transactions.

The commission was able to make recoveries of N328.8bn from the nine major marketers from July 2016 to July 2017

, he said.

Hamisu-Danmusa said the commission had also recovered huge amount of money from the cases reported by individuals, corporate bodies and Independent National Electoral Commission Document showing details of the recovery made by the EFCC

EFCC recovers N328.9bn from petroleum marketers (photos)

The money include N364.4m, $4.7m, £60,050, 59,200 euro and 70,500 Saudi Riyals.

The money was recovered from January to date,

Hamisu-Danmusa said.

He said the commission recovered N305,000 from a Chinese national arrested at the Malam Aminu Kano International Airport, Kano, on July 25.

He added that the Chinese, Mr Ma Youngin, who could not speak English language, was apprehended by Customs officials with the money while on his way to Dubai.

One other suspect was also arrested at Malam Aminu Kano International Airport, Kano, with 849 different ATM (debit) cards.

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where is the money?let them send the money to this account before the money will disappear. - Chris from portharcourt
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