Betta Edu's Fraud Saga: EFCC Report Sparks Presidential Scrutiny

EFCC Completes Betta Edu's N585m Fraud Probe

“I don't know the outcome. But I believe that we have submitted a preliminary...”

EFCC launches investigation into Bobrisky's allegations of bribery against officers over ₦15 million.

The Economic and Financial Crimes Commission (EFCC) has submitted a preliminary report on former Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu to President Bola Tinubu. This development comes after Edu's suspension in January 2024, following allegations of a N585 million scandal.

According to Wilson Uwajaren, EFCC's Director of Public Affairs, “I don't know the outcome. But I believe that we have submitted a preliminary report to the president. And I believe that we are still on the matter."l” This indicates that the investigation is ongoing, with the commission continuing to probe Edu's alleged misconduct.

The EFCC's investigation into Edu began after President Tinubu directed the commission to conduct a thorough probe. The commission has reportedly recovered N30 billion and is scrutinizing 40 linked bank accounts

The Economic and Financial Crimes Commission (EFCC) is investigating allegations made by Idris Okuneye, aka Bobrisky, who claimed he paid ₦15 million to EFCC officials to drop money laundering charges. EFCC Public Affairs Director Wilson Uwujaren stated that Bobrisky may face additional charges if the claims are proven false.

Bobrisky alleged in a voice recording, shared by Martins Otse (VeryDarkMan), that he bribed EFCC officials . However, the EFCC denied these allegations and established a committee to investigate. Providing false information to the EFCC is a serious offense, and those making unsubstantiated accusations may face consequences.

Betta Edu's suspension stemmed from allegations of diverting ₦585 million meant for vulnerable groups into private accounts.

The EFCC is probing bank officials for various offenses. Currently, five executives serve prison sentences. The EFCC hasn't disclosed names but emphasizes the banking sector's heightened scrutiny.

”It's just for us to look back and realize that EFCC has never shifted focus from any sector. Between 2009 and 2011, at least five bank executives were investigated and served their jail terms. There are still some that are under investigation,” he said.

“They are not politicians. Bank MDs are not immune to investigations or prosecution by the EFCC. We cannot mention names until those things are concluded.”

“The last time I checked, we mentioned the number of bank accounts that we were monitoring. We were looking at about 140 accounts. And we know it takes time to look into and get the required information.”

The Economic and Financial Crimes Commission (EFCC) is investigating allegations made by Idris Okuneye, aka Bobrisky, who claimed he paid ₦15 million to EFCC officials to drop money laundering charges. EFCC Public Affairs Director Wilson Uwujaren stated that Bobrisky may face additional charges if the claims are proven false.

Bobrisky alleged in a voice recording, shared by Martins Otse (VeryDarkMan), that he bribed EFCC officials . However, the EFCC denied these allegations and established a committee to investigate. Providing false information to the EFCC is a serious offense, and those making unsubstantiated accusations may face consequences.