By Clement Abayomi
The Economic and Financial Crimes Commission (EFCC) has recovered $2.6 million from individuals linked to the Nigerian National Petroleum Corporation (NNPC) and returned the money to the firm.
The official handover took place at the EFCC headquarters in Abuja, following an investigation into fraudulent activities.
The EFCC confirmed that the recovered amount totals N3.93 billion (about $2.6 million).
The Secretary to the Commission, Mohammed Hammajoda, presented the funds on behalf of the EFCC Chairman, Ola Olukoyede.
According to Hammajoda, the money was recovered after a professional investigation exposed illegal dealings by certain actors within the state oil firm.
He stated that the agency would continue to work with courage and integrity to protect the country’s resources.
The recovery is seen as a major step towards making Nigeria’s oil sector more transparent.
It is also believed that holding people accountable in the system will help build trust with international investors from countries like the United States, the United Kingdom, and China.
The Executive Vice-President for Downstream Operations, Mumuni Dagazau, thanked the EFCC for its help in recovering the money.
He noted the recovery proves that government agencies are working together to fix the system.
Dagazau also revealed that the NNPC had specifically asked the EFCC for support in addressing these internal challenges to ensure better transparency.
The EFCC, through the recovery, demonstrated that it is committed to serving the people of Nigeria.
The move is believed to improve the reputation of the oil industry and ensure that public wealth is protected from fraud.
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