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© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

After Whistle Blower Tip-off, EFCC Uncovers Another N4bn

Farouk Mohammed
By Farouk Mohammed
Published: April 11, 2017
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A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.


 

Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.

The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.

Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.

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The suspected owner of the account and the account officer are currently on the run.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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