The Economic and Financial Crimes Commission (EFCC), yesterday said its operatives have discovered another N4 billion suspected to be proceeds of crime.
The large cash is suspected to belong to a former deputy governorship candidate in Niger State, whose identity was, however, not disclosed. In a statement by its spokesman, Mr. Wilson Uwujaren, the Commission noted that the discovery was consequent upon a tip-off by a whistle- blower.
He added that the suspect allegedly used the names of two firms to launder the money. “A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.
“Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
“The suspect uses the names of two companies– Katah Property and Investment Limited and Sadiq Air Travel Agencyin laundering the funds”, Uwujaren said. He further stated that: “Each of the company has N2 billion fixed in its deposit account domiciled in Guaranty Trust Bank. “The suspected owner of the account and the account officer are currently on the run.”