Connect with us

Business

EFCC Has Uncovered N70bn Fuel Subsidy Fraud – Bawa

Published

on

bawa

The Economic and Financial Crimes Commission, EFCC, has uncovered about N70 billion fraud carried out through the Federal Government’s fuel subsidy programme.

Chairman of EFCC, Abdulrasheed Bawa disclosed this during a chat with newsmen at the Ikeja High Court in Lagos State on Wednesday.

Bawa, while appearing at the court, testified in a fuel subsidy trial involving an oil firm, Nadabo Energy.

Speaking, he disclosed that the commission would continue to rigorously pursue all its cases in court.

Advertisement

Bawa said: “We have identified fraud of about N70 billion perpetrated through the fuel subsidy.

“So far the commission has recovered N20 billion from the N70 billion and we are working to recover the rest.

“Yes, we are worried about the slow pace of some of the fuel subsidy cases we charged to court since 2012, when investigations were concluded.”

Bawa was recently confirmed as the head of the anti-graft agency by the Senate.

Advertisement

His confirmation followed his nomination by President Muhammadu Buhari.

Advertisement
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Trending

0
Would love your thoughts, please comment.x
()
x