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Nairametrics
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
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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.

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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.

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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.

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