Over 14 Governors Are Involved In Alleged $47.4 Billion Fraud.. EFCC

The Economic and Financial Crime Commission (EFCC) have disclosed that over 14 Governors are involved in $47.4 Billion dollar fraud scandal dating back to 15 years

Men were allegedly responsible for N7.9 trillion and $17.8 billion of the alleged fraud, women were responsible for N8.9 trillion and $20 billion, and business entities were responsible for N4.2 billion and $9.6 billion, according to a report.

The alleged fraud (N21.63 trillion) is approximately equivalent to the Federal Government’s N21.83 trillion 2023 budget as well as the N22.7 trillion in Ways and Means debt that the Federal Government owes the Central Bank of Nigeria (CBN).

Reacting to the report, Justice Richard Goldstone (retd), a former Justice of the Constitutional Court of South Africa and a member of the Board of a non-governmental organization that pushes for the establishment of a permanent International Anti-Corruption Court, said it was important that the trials of those charged should be pursued with vigour and efficiency

The 77- page document released by the Human and Environmental Development Agenda, otherwise known as HEDA Resource Centre, also shows that of the 100 cases considered, the Economic and Financial Crimes Commission, EFCC, handled 79, Independent Corrupt Practices and other Related Offences, ICPC, 13, SPIPRPP and National Drug Law Enforcement Agency, NDLEA, one each while CCT handled none.