Thursday, August 22, 2024

EFCC Refutes Claims of N54 Billion Asset Sharing Among Officials

 

The Economic and Financial Crimes Commission (EFCC) has strongly denied media reports claiming that N54 billion forfeited by associates of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele was "shared" among certain ministers and aides of President Tinubu in collaboration with EFCC officials.

In an official statement, the EFCC clarified that none of its officials had ever been involved in the "sharing" of any forfeited assets. The commission emphasized that the concept of "sharing proceeds of forfeited assets" is entirely foreign to its operations.

"The sensational report, clearly aimed at tarnishing the reputations of the mentioned agencies, reveals the author's lack of understanding of the asset recovery and management framework in place. Both the EFCC Act of 2004 and the Proceeds of Crime (Recovery and Management) Act of 2022 clearly outline the procedures for handling forfeited assets, specifying the designated accounts into which such proceeds are to be deposited," the statement read.

The EFCC further dismissed the claims as baseless, pointing out the lack of any concrete details regarding when or how this alleged "sharing" occurred, or who supposedly benefited. "The truth is, it simply did not happen," the commission asserted.

The EFCC concluded by condemning the dissemination of such fictitious stories as news, stating that it will not tolerate attempts to undermine its reputation with unfounded allegations.

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