EFCC re­cov­ers N4.3bn sub­sidy fund

Daily Trust - - NEWS - By Ron­ald Mu­tum

Chair­man of the Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC) Ibrahim Lar­morde has said the com­mis­sion has re­cov­ered N4.3 bil­lion from Oil sub­sidy sus­pects.

He re­vealed this yes­ter­day when the man­age­ment of the Petroleum Prod­ucts Pric­ing Reg­u­la­tory Agency (PPPRA) led by its Ex­ec­u­tive Sec­re­tary, Mr. Farouk Ahmed paid him a cour­tesy visit in his of­fice in Abuja.

The EFCC boss said the col­lab­o­ra­tion be­tween the two agencies was piv­otal to the com­mis­sion in­sti­tut­ing court cases against 13 oil mar­keters in­dicted in the in­ves­ti­ga­tions in the sub­sidy regime, a state­ment by the spokesman of the agency Wil­son Uwu­jaren said.

Ac­cord­ing to Lar­morde, “I know pres­sure will be put on your staff. Please bear with us. It is be­cause of the need to san­i­tize the coun­try.”

The PPPRA chief ex­ec­u­tive Farouk Ahmed said the visit was to con­sol­i­date the re­la­tion­ship be­tween the EFCC and the PPPRA.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.