BEVERLY HILLS, April 11, (THEWILL) – The economic and Financial Crimes Commission (EFCC) has confiscated N4bn linked to a former deputy governorship candidate of Niger State which it says were corruptly acquired and laundered using two companies – Katah Property & Investment Limited and Sadiq Air Travel Agency.
An anti-graft agency source said investigations revealed that the funds were split into N2bn apiece and fixed in two separate accounts at Guaranty Trust Bank. The discovery was aided by a whistleblower, the source added.
Wilson Uwajaren, EFCC’s spokesman confirmed the development but declined to give details because active investigations were ongoing.
“The suspected owner of the account and the account officer are currently on the run,” he said.
In the last one week, whistleblowers have led the EFCC to seize hundreds of millions of naira believed to be proceeds of crime.
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