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EFCC Refutes Claim of Sharing Funds Forfeited by Emefiele

Esther

The Economic and Financial Crimes Commission (EFCC) has firmly denied allegations that it distributed forfeited assets worth N54 billion among its officials, ministers, and aides of President Bola Tinubu.


These accusations stemmed from an online publication which claimed the assets were connected to associates of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.


In a statement released, EFCC spokesperson Dele Oyewale dismissed the allegations as baseless and misleading. "No official of the Commission was, or has ever been involved in the 'sharing' of any proceeds of forfeited assets.


The notion of 'sharing of proceeds of forfeited assets' is strange to the Commission," Oyewale stated. He further emphasized that the report was crafted out of ignorance and mischief, aiming to tarnish the reputation of the EFCC and other agencies mentioned.


"The sensational report which was promoted ostensibly to scandalise the agencies mentioned, betrays the author’s ignorance of the existing asset recovery and management framework," he added.


Oyewale clarified that both the EFCC Act of 2004 and the Proceeds of Crime (Recovery and Management) Act of 2022 clearly outline the procedures for handling forfeited assets.


"Both the EFCC Act, 2004 and the Proceeds of Crime (Recovery and Management) Act, 2022, are unambiguous in terms of the accounts into which proceeds of forfeited assets are to be paid," he explained.


The EFCC urged the public to disregard the false report, assuring that the commission strictly adheres to legal protocols in managing forfeited assets.


"There is no ‘platform’ for the ‘sharing of forfeited assets’; the notion itself being infantile," Oyewale concluded.




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