EFCC Probes 18 Senators Over Alleged N367.5billion Fraud
The Economic and Financial Crimes Commission (EFCC) is reported probing eighteen Senators over alleged N367.5billion fraud.
One or two senators (outside the list) are under investigation for their alleged involvement in the N19billion and $86million London-Paris Club refund in which seven governors have been implicated.
Those facing trial include two from Northcentral, three from Northwest, one from Northeast and one from Southeast.
Most of the N367.5billion alleged fraud border on money laundering, misappropriation, unexecuted contracts, diversion of public funds to campaigns, and others.
Recall that some of the cases date back to 10 years.
An EFCC source, who spoke in confidence, said: “The case files of all these 18 senators are already with us. Seven of them are already on trial.
“But, certainly, 11 others will be prosecuted at the appropriate time. It may interest you that some agencies in a few international jurisdictions are interested in some of the cases against some of these senators.
“It might also interest you that some of these cases predated the appointment of the present Acting Chairman of EFCC, Mr. Ibrahim Magu. But since continuity is a cardinal principle of the EFCC, Magu has decided to ensure that the matters in court are pursued to logical conclusion. There is also no waiver for all cases undergoing investigation.”