EFCC Recovers N328.9bn Debts From 9 Major Petroleum Marketers




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By Tukur Muntari
Kano –   The and Financial Crimes Commission (EFCC) said it had recovered over N328.9 billion out N349.8 billion debts from nine major petroleum marketers within the last one year.

Mr Adamu Hamisu-Danmusa, the EFCC Head Operation, North West Zone, Kano, disclosed this while addressing newsmen in on Tuesday.

He said the debts, which included legacy/bad debts and current debts, were recovered following report from the Independent Petroleum Marketers Association Nigeria (IPMAN) to the commission.

“The IPMAN reported to the commission that there are some major marketers that connived with NNPC officials and received fuel allocation but refused to pay the money into the Treasury Single Account (TSA).

“So after investigation, we were able to find out that there is N349.8 billion as legacy/bad debts and debts on current transactions.

“The commission was able to make recoveries N328.8 billion from the nine major marketers from July 2016 to July 2017,” he said.

He said the commission was still making effort to ensure that all the remaining debts were recovered from the marketers and remitted into the Federal Government’s Consolidated Account.

Hamisu-Danmusa said the commission had also recovered huge amount money from the cases reported by individuals, corporate bodies and Independent National Electoral Commission (INEC)

“The money include N364.4 million, 4.7 dollars, 60,050 pounds, 59,200 euro and 70,500 Saudi Riyals.

“The money was recovered from January to date, “ Hamisu-Danmusa said.

He said the commission recovered N305,000 from a Chinese national arrested at the Malam Aminu International Airport, Kano, on July 25.

He added that the Chinese, Mr Ma Youngin who could not speak English language, was apprehended by Customs officials with the money while on his way to Dubai.

Oneother suspect was also arrested at Malam Aminu International Airport, Kano, with 849 different ATM (debit) cards.

He said investigation was still ongoing into the two cases, adding as soon as the investigations were concluded, the suspects would be charged to court. (NAN)