BREAKING: EFCC Beneath Scrutiny Over Donation of N50bn Fraud Proceeds To Fund Scholar Mortgage
EFCC has come underneath scrutiny over the donation of N50bn fraud proceeds to the fund scholar mortgage scheme in Nigeria.
PoliticalNews Nigeria has earlier reported that the {Economic} and {Financial} Crimes Fee (EFCC) has launched N50bn to help the Nigerian Training Mortgage Fund.
This was disclosed by the anti-graft company on Tuesday, August 13, 2024, when the Fund’s Managing Director and Chief Government Officer, Mr. Akintunde Sawyerr, led his administration group on a courtesy go to to the EFCC headquarters in Abuja.
Whereas Sawyerr famous that the Fund, an initiative of the President Bola Tinubu-led administration, was designed to supply funding for the schooling of indigent college students, he lamented the poor improvement of youths within the nation’s schooling sector.
The assertion obtained on the EFCC’s web site partly learn, “He (Sawyerr) appreciated the EFCC for the N50 billion injected into NELFUND from the proceeds of crime recovered by the fee.”
“We’re conscious of the funds from the proceeds of crime prolonged to NELFUND. We’re right here to specific our gratitude for the gesture. We additionally need the EFCC to train oversight on what we’re doing,” Sawyerr stated.
He added that “youths represent essentially the most populous, restive however uncared for section of our inhabitants. President Tinubu recognized this as a significant drawback and put in place a significant answer to handle the problem.”
In his remarks, the EFCC Chairman, Mr. Ola Olukoyede, recommended the president for the initiative which he described as a “coverage situation towards crimes.”
He additionally acknowledged that the dearth of oldsters’ academic help is a contributing issue to youngsters’s involvement in {financial} crimes.
He stated, “One of many major incentives for cybercrimes is the shortcoming of oldsters to fund the schooling of their youngsters. NELFUND is a coverage situation towards crimes. President Tinubu needs to be recommended for initiating the Fund.”
The EFCC boss suggested the NELFUND administration group to make sure transparency of their dealings, which, in response to him, would help within the combat towards corruption.
He stated, “I’ll combat to make sure that cash pooled collectively to help NELFUND isn’t re-looted. We wish your administration to be giving stories of your disbursement to the EFCC.
In the meantime, PoliticalNews Nigeria stories that Nigerians have taken to numerous social media platforms to slam the anti-graft company.
@mpiredivine wrote; Lol… What on Earth is that this headline although? The place did EFCC get 50 billion naira for donation from?
@Eze_nmuo1; Make EFCC come clarify how them take get 50 billion for us!
@endyy090; Is EFCC now a income producing company?
@shehu_mahdi; Efcc Donated N50B to help college students’ mortgage scheme . Monies and belongings recovered from thieves and looters are supposed to he shared throughout 37 states. That Efcc is spraying that cash means corruption is now authentic and official. Welcome corruption. Appilogies to criminals
@TimedFrank; So EFCC, a non-revenue producing company noticed N50 billion to donate to the coed mortgage scheme? So companies can now choose and select applications to help and donate to? Can somebody clarify this to me?
@Lord_of_Nigeria; All the things about this nation is so weird. EFCC donating cash, how?
@oobynno; How did they elevate this cash..? Have they got the constitutional authority to dish out cash (as they like..) even when they raised it? There are such a lot of questions begging for solutions.. This seems to be each inch flawed and dodgy