Betta Edu Scandal: N30bn Recovered, 50 Bank Accounts Under Investigation – EFCC

Posted by Thandiubani on Mon 08th Apr, 2024 - tori.ng

President Bola Tinubu had suspended Edu and Shehu about three months ago for alleged financial misappropriation.

The Economic and Financial Crimes Commission, EFCC has given update on the investigation of suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu and former Chief Executive Officer of the National Social Investment Programme Authority, NSIPA, Halima Shehu.

EFCC said it has recovered N30 billion so far.

The anti-graft agency also disclosed that it has placed 50 bank accounts under investigation in the ongoing investigation.

President Bola Tinubu had suspended Edu and Shehu about three months ago for alleged financial misappropriation.

The president also suspended Social Investment Programme while directing the EFCC to take over the case and probe both embattled officials.

Ola Olukoyede, the Chairman of EFCC disclosed this in the March edition of the anti-graft agency’s monthly e-magazine, EFCCAlert.

He said: “We have laws and regulations guiding our investigations. Nigerians will also know that they are already on suspension and this is based on the investigations we have done, and President Bola Ahmed Tinubu has proved to Nigerians that he is ready to fight corruption.

“Moreover, with respect to this particular case, we have recovered over N30 billion, which is already in the coffers of the Federal Government. It takes time to conclude investigations; we started this matter less than six weeks ago.

“There are cases that take years to investigate. There are so many angles to it. And we need to follow through with some of the discoveries that we have seen. Nigerians should give us time on this matter; we have professionals on this case and they need to do things right. There are so many leads here and there.

“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. Then you ask about my staff strength. And again, we have thousands of other cases that we are working on.”