EFCC didn’t donate N50 Billion on to NELFUND as broadly reported.
PoliticalNews Nigeria understands that since Tuesday afternoon, a number of media studies have claimed the {Economic} and {Financial} Crimes Fee (EFCC) donated N50 billion to the Nigerian Training Mortgage Fund (NELFUND) from proceeds of crime.
These studies credit score the EFCC with making the declare after Akunwunmi Sawyerr, head of NELFUND, visited the antigraft company in Abuja on Tuesday.
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In response to one such report, Sawyerr thanked the Ola Olukoyede-led EFCC for the donation and invited the company to manage their use of the funds.
The supply of those studies was a assertion the EFCC revealed on Tuesday after the assembly.
In response to a reality test by FIJ on Wednesday afternoon, Dele Oyewale, EFCC spokesman mentioned that he learn the studies and was shocked because it was unfaithful.
Under is FIJ’s Full Findings On EFCC Donating N50 Billion To NELFUND:
FIJ requested his official place on the matter, and he mentioned he had reached at the very least one of many newspapers which revealed the story, and informed them the EFCC by no means donated any cash.
“We put the cash into the federation account as is required of us, after which the president directed that N50 billion of the cash be paid to NELFUND, and one other N50 billion be put into the Shopper Credit score Company,” he informed FIJ.
FIJ additionally discovered that this directive, as Oyewale described, was contained in President Bola Tinubu’s August 4 tackle to the nation.
The president mentioned throughout his tackle: “This week, I ordered the discharge of an extra N50billion every for NELFUND – the scholar mortgage, and Credit score Company from the proceeds of crime recovered by the EFCC.”
In December 2023, the Ministry of Finance ordered all ministries, departments and businesses to remit 100% of their internally generated income (IGR) to the Sub-Recurrent Account, a sub-component of the Consolidated Income Fund (CRF).
The EFCC would have run foul of this directive if it had accomplished with the funds some other factor than remit it into the federation account.
CONCLUSION: Reviews on the EFCC’s assembly with NELFUND have been misrepresented as a follow-up to a donation because the details present. The cash deposited into the fund was sourced from the company, however the choice on how it could be used was made by the president.
VERDICT: The declare that the EFCC donated N50 billion to NELFUND is fake.