EFCC Recovers N4.3 Billion From Indicted Oil Marketers

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde, on Tuesday said the commission has recovered about N4.3 billion from different marketers accused of involvement in the fuel subsidy scam.

He made this known in Abuja while speaking with Farouk Ahmed, the new Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA.

The anti-graft chairman said the recovery was made through partnership between EFCC and PPPRA.

He stressed that the collaboration between the two government agencies was pivotal to the successful prosecution of 13 oil marketers indicted in the investigations of fraudulent conduct levelled against them in the subsidy regime.

Lamorde called for a sustained partnership between the two government agencies in order to sanitise the petroleum industry.

He noted that such collaboration was imperative as the EFCC would regularly seek for information and documents from the PPPRA.

The EFCC boss, however, warned that pressure may also be coming from the EFCC on staff of PPPRA for information from time to time, especially for them to testify in court or provide evidence for the prosecution of the subsidy fraudsters.

Responding, Ahmed, said his visit to the commission was to enhance the relationship between the two agencies, and commended the anti-graft agency for its effort to rid the country of economic and financial crimes.

Ahmed said he was looking forward to a more effective collaboration between the two agencies.

He told the anti-graft chairman to assign a staff to work with the organization in order to ensure a hitch-free collaboration.

Source: Legit.ng