EFCC Recovers N328bn Debts From Major Oil Marketers


The Economic and Financial Crimes Commission, EFCC, North West office, has announced the debt recovery of N328, 988 billion from major oil marketers from July 2016 to July 2017.

In a press conference held at the EFCC North West office in Kano,the Operation Controller, Dr. Hamisu Danmusa attributed the success to the petition made available to them by IPMAN over the huge debt major oil marketers owed NNPC.

Dr. Dan-Musa lauded the support and partnership from IPMAN in the debt recoveries and sister agencies on other successes recorded by his office.

He said the total bad debt major oil marketers owed the nation known as legacy debts stood at over N91 billion and so far over N86 billion recovered.

Also added debts on current transactions owed by major oil marketers stood at over N258 billion and so far over N242 was recovered.

So far,Dan-Musa said the total sum of over N328 was remitted to the federation account from the sum of over N349 billion loaned to the major oil marketers.

The commission also displayed bundles of N5 new notes allegedly recovered from a Chinese national who had attempted to fly out of the country with the money.

Upon interrogation, the Chinese said he was going to produce an album with the N5 new notes to the tune of over N300,000,a claim the  EFCC faulted.

Dan Musa expressed disappointment with Nigerians aiding unscrupulous foreign nationals to wreck havoc on the nation’s  struggling economy.

Also, hundreds of debit cards were displayed by the EFCC belonging to a suspect who wanted to smuggle them to Dubai.

During investigation, the suspect claimed the cards was meant to assist fellow Nigerians living abroad.

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