Npower News: EFCC Recovers $24,000,000 In The Investigation of Betta Edu

According to Npower News, the Economic and Financial Crimes Commission (EFCC) has recovered ₦30,000,000,000 that is $24,000,000 and its equivalent in pounds that is £19,000,000 as part of its ongoing investigation on matters of corruption surrounding the suspended minister for Humanitarian Affairs and Poverty Alleviation Betta Edu.

According to EFCC the monies were linked to more than fifty bank accounts.

Betta Edu the suspended Minister for Humanitarian Affairs and Poverty Alleviation was relieved of her duties as Minister in January over the alleged transfer of $640,000 meant for the poor and vulnerable groups into a private bank account, this led to President Bola Ahmed Tinubu directing a thorough investigation into Betta Edu's ministry.

According to Npower News, the office of Betta Edu said Betta Edu had authorized the transfer into a private account, which was not in her name, but said it was for the "implementation of grants to vulnerable groups".

The anti-graft agency, EFCC, said during its nearly 6 weeks of investigation so far, it had found "many angles" to investigate.

"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," the Economic and Financial Crimes Commission chairman Ola Olukoyede said.

Ola Olukoyede pleaded with Nigerians especially beneficiaries of Npower and other National Social Investment Programmes, seeking redress to give the anti-graft agency time to conclude its investigations thoroughly.

"We are exploring so many discoveries that we have stumbled upon in our investigation. If it is about seeing people in jail, well let them wait, everything has a process to follow," Ola Olukoyede said.

Ola Olukoyede gave an assurance that the recovered monies were "already in the coffers of the federal government".

Suspension of a minister does not happen often in Nigeria.

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