EFCC denies sharing funds forfeited by Emefiele

The Economic and Financial Crimes Commission, EFCC, has denied the allegation that it shared forfeited assets among its officials, ministers and President Bola Tinubu ‘s aides.

This was at the heels of an online publication alleging that EFCC shared N54 billion forfeited by some associates of former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, among its officials and ministers.

Describing the publication as false, EFCC through its spokesperson, Dele Oyewale, said the notion of sharing of proceeds of forfeited assets was strange to it noting that the report was made out of ignorance and mischief.

While urging the public to ignore the report, EFCC said: “No official of the Commission was, or has ever been involved in the “sharing” of any proceeds of forfeited assets. The notion of “sharing of proceeds of forfeited assets” is strange to the Commission.

“The sensational report which was promoted ostensibly to scandalise the agencies mentioned, betrays the author’s ignorance of the existing asset recovery and management framework.

“Both the EFCC Act, 2004 and the Proceeds of Crime (Recovery and Management) Act, 2022, are unambiguous in terms of the accounts into which proceeds of forfeited assets are to be paid.

“There is no ‘platform’ for the ‘sharing of forfeited assets’; the notion itself being infantile.”