EFCC Recovers N30 Billion in Money Laundering Probe Involving Suspended Minister Betta Edu

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The Economic and Financial Crimes Commission (EFCC) has disclosed significant progress in its investigation into an alleged money laundering case involving the suspended Minister of Humanitarian Affairs, Betta Edu, and the ministry.

According to the EFCC, it has recovered N30 billion in connection with the case and is currently scrutinizing 50 bank accounts.

This revelation came through a bulletin titled, “EFCC Alert,” which outlined major arrests, prosecutions, and recoveries made by the commission in the past month. Signed by EFCC Chairman, Ola Olukoyede, the bulletin confirmed that the recovered N30 billion has been deposited into the Federal Government’s coffers.

Olukoyede emphasized the adherence to laws and regulations governing EFCC investigations, noting that the suspects, including Betta Edu, are already under suspension pending the outcome of the probe. He commended the commitment of President Bola Tinubu to combat corruption and assured the public of the agency’s professionalism in handling the case.

The EFCC chairman highlighted the complexity of the investigation, stating that it takes time to conclude such matters. He urged Nigerians to be patient, emphasizing the thoroughness required in uncovering various leads and ensuring a comprehensive investigation.

The EFCC’s announcement underscores the ongoing efforts to tackle financial crimes and uphold accountability in public office. As the investigation progresses, further developments are expected to shed light on the extent of the alleged money laundering activities and any associated implications.

 

 

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