EFCC returns N837.5m recovered funds to Katsina State government

The Economic and Financial Crimes Commission (EFCC) has handed implicit N837.5 cardinal recovered from 2 abstracted fraud cases to the Katsina State Government.

The wealth was presented connected Monday astatine the EFCC Kano Zonal Directorate aft investigations into the diversion of nationalist funds linked to taxation remittances and the authorities treasury.

In the archetypal case, the EFCC recovered implicit N547 cardinal from funds allegedly diverted from taxation payments made by planetary organisations, including the World Health Organization (WHO), Médecins Sans Frontières (MSF), and ALIMA.

The bureau said the wealth was moved into a backstage slope relationship by officials of the Katsina State Board of Internal Revenue Service and immoderate slope workers.

The EFCC said 12 suspects were charged successful court, with six already convicted aft pleading guilty, portion the others are inactive connected trial.

In the 2nd case, the committee recovered implicit N290 cardinal linked to alleged fraud involving erstwhile treasury officials successful Katsina State. Investigators said the wealth was transferred to idiosyncratic companies done unauthorised withdrawals, contempt nary contracts oregon services being tied to the payments.

Speaking during ...