The Economic and Financial Crimes Commission, EFCC, has recovered illegal fuel subsidy payments.Information Guide Nigeria
According to DAILY POST, EFCC recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017 and 2021.
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This was revealed by DAILY POST reports in a document recently obtained from the Nigeria Financial Intelligence Unit, NFIU website on the National Inherent risk assessment of money laundering in the Nigerian extractive sector.NYSC portal
The document stated, “The Economic and Financial Crimes Commission, the agency responsible for the investigation and prosecution of corrupt subsidies in the oil and gas in Nigeria, recovered N12,998,963,178.29 as proceeds of illegal payment made within the subsidy regime between 2017 and 2021.”JAMB portal
