EFCC recover N13bn illegal fuel subsidy payments

Di Economic and Financial Crimes Commission recover about N13bn as proceeds of illegal payments made under di subsidy regime between 2017 and 2021.

This one dey based on di National inherent risk assessment of money laundering and terrorist financing for di Nigerian extractive sector document.

Dem write for di report say di Economic and Financial Crimes Commission, di agency wey dey responsible for di investigation and prosecution of fraudulent subsidies for di oil and gas for Nigeria recover N12,998,963,178.29 as proceeds of illegal payment under di subsidy regime between 2017 and 2021.”

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A tabular breakdown show say na about N4.67bn EFCC recover in 2017, N4.29bn in 2018, N2.41bn in 2019, N416.51m in 2020 and N1.22bn in 2021.

Dem still mention say dem bin get different opportunities for fraudulent activities for di oil and gas sector.

Di report add say, “Opportunities for fraudulent activities exist for di oil and gas sector from extraction to sales of refined products to consumers.

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