• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

EFCC denies release of list of Ex-Govs under N2.187 trillion corruption probe

Cyrus Ademola by Cyrus Ademola
May 5, 2024
in Business News, Crime and Insecurity
EFCC, NOUN, Sunflower Hotel
Share on FacebookShare on TwitterShare on Linkedin

The Economic Financial Crime Commission (EFCC) has refuted claims that it published a list of former governors currently under investigation for N2.187  trillion alleged corruption by the anti-corruption agency.

In a statement on Sunday by the spokesperson the commission, Deye Oyewole, EFCC said the list did not emanate from them, adding that the report is both false and misleading.

A report headlined: “EFCC Releases Full List of 58 Ex-Governors that Embezzled N2.187 trillion”, in one of the news outlets (not Nairametrics) was purportedly issued by EFCC on Saturday.

RelatedStories

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

Alleged $7.2bn fraud: EFCC still investigating immediate past NNPCL Top Officials 

June 24, 2025
Federal High Court, REA

Supreme Court Judgement: Judge to hear committal suit against CBN Governor on June 23 

June 17, 2025

According to reports, the 58 former governors – drawn from the six regions of the country – were allegedly being probed, while others have been investigated, and prosecuted.

Oyewole stated that the “so-called” list is a deceptive creation intended to serve purposes only known to its creators.

  • “The report headlined: “EFCC Releases Full List of 58 Ex-Governors that Embezzled N2.187 Trillion”, in one of the news outlets, is false and mischievous as the Commission neither issued the said list nor entertained discussions on investigation of ex-governors with any news medium.
  • “This invariably means that the so-called list is a disingenuous fabrication designed to achieve motives known only to the authors.
  • “The public is enjoined to ignore the report as it is false and misleading.
  • “The media is advised to endeavour to crosscheck facts pertaining to matters under investigation with the Commission to avoid misleading the public with false and inaccurate reports,” EFCC said.

Backstory

  • On Saturday, a media outlet (not Nairametrics) reported that EFCC is prosecuting a substantial number of former governors, with at least 58 implicated in the misappropriation, embezzlement, or laundering of about N2.187 trillion over the past 25 years.
  • According to the report, this figure does not account for properties confiscated worldwide or those still under investigation, which are worth billions of Naira.
  • The report also claimed that the the N2.2 trillion stolen is comparable to the aggregate budgets of Lagos State and the South-East states for 2024, which are N2.25 trillion and N2.29 trillion respectively.
  • In addition, it said the amount surpasses the 2024 budgets of the North-Central and North-East states, which stand at N1.89 trillion and N1.60 trillion respectively, by several billion.

Follow us for Breaking News and Market Intelligence.
Tags: Deye OyewoleEFCC
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Crime and Insecurity

Alleged $7.2bn fraud: EFCC still investigating immediate past NNPCL Top Officials 

June 24, 2025
Federal High Court, REA
Financial Services

Supreme Court Judgement: Judge to hear committal suit against CBN Governor on June 23 

June 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Crime and Insecurity

EFCC arraigns Ponzi scheme director Precious Williams over alleged N13.8 billion fraud  

June 17, 2025
Bank customers with CBN rise to 57 million in April 2023
Business News

Emefiele earned N350 million annually as CBN governor, court document reveals 

June 16, 2025
Nigerian court unfreezes N89 million in bank accounts previously indicted for illegal crypto dealings
Business News

Alleged $1bn scam: CBEX promoters ask court for bail from EFCC custody 

June 11, 2025
Federal High Court, REA
Business News

Federal High Court jails 9 Chinese arrested for cryptocurrency investment and romance fraud in Lagos 

June 10, 2025
Next Post
House rents in Lagos skyrocket by over 100% as household incomes stall

House rents in Lagos skyrocket by over 100% as household incomes stall

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  
  • Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report 
  • President Tinubu to address BRICS Summit on Nigeria’s economic reforms and investment drive 

Follow us on social media:

Recent News

How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  

How Itana, FG’s partnership will create 100,000 jobs for Nigerians -Nella Andem-Ewa  

July 5, 2025
Easy steps to build wealth through saving money in 2024

Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics