EFCC Discovers 30 Billion Naira in Betta Edu’s Case 

The Economic and Financial Crimes Commission (EFCC) claims to have retrieved ₦30 billion from the Betta Edu corruption case, which involved the Minister of Humanitarian Affairs being placed on suspension.

As part of an update on the ministry’s ongoing investigation into allegations of money laundering, the anti-graft agency revealed the most recent development in a bulletin titled “EFCC Alert.”

The bulletin listed some of the EFCC’s recent recoveries, arrests, and prosecutions.

According to the document, the EFCC recovered 30 billion naira during the course of the investigation, and the money is currently in the hands of the Federal Government.

The bulletin reads, “Update on Betta Edu investigation. We have laws and regulations guiding our investigations. Nigerians will also know that they are already on suspension, and this is based on the investigations we have done, and President Bola Tinubu has proved to Nigerians that he is ready to fight corruption.

“Moreover, concerning this particular case, we have recovered over N30 billion, which is already in the coffers of the Federal Government.

“It takes time to conclude investigations; we started this matter less than six weeks ago. Some cases take years to investigate. There are so many angles to it, and we need to follow through with some of the discoveries that we have seen. Nigerians should give us time on this matter; we have professionals on this case, and they need to do things right. There are so many leads here and there.

The EFCC added that funds have been traced to some banks, adding that over 50 banks are being investigated.

The agency said further, “As it is now, we are investigating over 50 bank accounts that we have traced money into. That is no child’s play. That’s a big deal. Then you ask about my staff strength.

“And again, we have thousands of other cases that we are working on. Nigerians have seen the impact of what we have done so far, by way of some people being placed on suspension and by way of the recoveries that we have made. You have seen that the programme itself has been suspended. We are exploring so many discoveries that we have stumbled upon in our investigation.