EFCC Refutes Claims Its Officers Share Forfeited Funds

The Economic and Financial Crimes Commission, EFCC, has dismissed reports alleging that the N54 billion forfeited by some associates of Godwin Emefiele, the former governor of the Central Bank of Nigeria, CBN, were distributed among certain ministers and aides of President Tinubu, in collaboration with EFCC officials”.

In a statement released, the commission said none of its officials was or has ever been involved in the “sharing” of any proceeds of forfeited assets.

The commission stated that the notion of “sharing of proceeds of forfeited assets” is strange because it did not happen.

‘’The sensational report which was promoted ostensibly to scandalise the agencies mentioned, betrays the author’s ignorance of the existing asset recovery and management framework.  Both the EFCC Act, 2004 and the Proceeds of Crime (Recovery and Management) Act, 2022, are unambiguous in terms of the accounts into which proceeds of forfeited assets are to be paid.

There is no “platform” for the “sharing of forfeited assets”; the notion itself being infantile. Otherwise, Sahara reporters would not have withheld information about when and how the sharing took place and who got what. The TRUTH is, it simply did not happen!

Dishing fiction to the public as news is the height of irresponsibility and EFCC will not tolerate any attempt to defame its hard-earned reputation.''the statement in part reads.