EFCC recovers another N4bn belonging to Niger state Politician after a tip-off by a whistleblower today led to another discovery by the Economic and Financial Crimes Commission (EFCC), of N4billion suspected to be proceeds of crime.
A statement released by EFCC states that investigations into the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
The suspected owner of the account and the account officer are currently on the run.