EFCC Recovers ₦115bn, $84m From Oil Firms

[Roseline492]

Nor be even, "might be...", dem be already. Organization wey dey take midnight storm persin house without warrant simply bc dem suspect sey persin be Yahoo boy na thief dem be. Dat's why I nor get pity for those wans wey dat doctor light wen dem storm him house dat night. Anyhow people. Instead of dem to be upright, na still dem dey do anyhow. Na why wen VDM challenged dem dat time, dem nor fit do nothing.

But true true that storming for person house way them they do they very illegal ooh because normally even if say government get power to do anything but no be all actions them go fit do without some paper work, if you see were EFCC they scatter person door to go inside you go think say that person way them they find they wanted by the federal government because of how them they take find am,  person way they like VDM suppose plenty for the country because him no they gree for anything and na only person way be say EFCC they comot cap for am.

[GiftedMAN]

I'm tired of hearing about huge recovered figures that are not put into good use, this is not the first time they've recovered audio stolen funds, i call it audio because if it were true the debt Nigeria is owing world bank and other countries would've been cleared with them but they end up being looted instead of using it to change the economic situation of the country, even the so called EFCC is corrupt so news like this from them shouldn't be taken seriously because they are part of the politicians and they know themselves.

[Iamgoat]

I'm tired of hearing about huge recovered figures that are not put into good use, this is not the first time they've recovered audio stolen funds, i call it audio because if it were true the debt Nigeria is owing world bank and other countries would've been cleared with them but they end up being looted instead of using it to change the economic situation of the country, even the so called EFCC is corrupt so news like this from them shouldn't be taken seriously because they are part of the politicians and they know themselves.

This reminds me of the revelations which was made by Okoi Obono Obla who served under president Muhammad Buhari’s administration as the chairman of the Special Presidential Investigation Panel for the recovery of Public Property and said even all the hundreds of billions which were said to have been collected by the wrongdoers and thieves were being returned back to them and it only tells you the level at which we are now as a country and how things will hardly change on time. It also speaks volume on our general habit as Nigerians and how we have collecting damaged the manners and the reputation of the country now. I hope those who wants this country to truly change for the better and succeed should also be ready to push for their own self forward as a good ambassador of the country by dealing truthfully and with sincerity

[Dreadboost]

It is hard for me to believe this news. I don't trust the government, and now the media has entered my blacklist because I do no longer trust news coming from the local publishers. In Nigeria, we hear news of the military arresting terrorists without any evidence to show Nigerians how it all happened. We get to believe them because the internet can be filled with fake images, either old images or images generated with AI, as proof. The money received by EFCC will not be used to make the country better. If the news is true, the money recovered will be shared between the government and the head of the EFCC. EFCC used to seize cars, houses, and money from fraudsters. How the money is spent will not be made public because they later sell it off and use the money for their family. Indirectly, they are stealing from the people.

[Africolo]

These story got me and according to news by https://1afronews.com/efcc-recovers-%e2%82%a6115bn-84m-from-oil-firms/]1Afronews.com the government through the Economic and Financial Crime Commission (EFCC) have recovered over $84m which is approximately 115 billion naira from the oil sector and my interest is on what does the government truly use this recovered funds for despite borrowing so much from world bank and other countries

It's so painful that we see such money flowing in the system and the government still go out to borrow money and it looks as if they know exactly what they are doing which is just to embezzle money. Now if I want to analyze this carefully Nigerian government removed fuel subsidy and said it will be used to develop and service other sectors but today no one knows what those money from subsidy is used for and we are suffering as citizens.

How can a country that has oil in abundance be borrowing money every given opportunity they have yet we have recovered looted funds from Late Gen. Sani Abacha's Administration and the question that is begging for answers is what do they use the money recovered for?, all I see is that the government is using EFCC  to work for their selfish interest and it's one of the most corrupt agencies we have in Nigeria currently and shouldn't be trusted.

[Chilwell]

It is hard for me to believe this news. I don't trust the government, and now the media has entered my blacklist because I do no longer trust news coming from the local publishers. In Nigeria, we hear news of the military arresting terrorists without any evidence to show Nigerians how it all happened. We get to believe them because the internet can be filled with fake images, either old images or images generated with AI, as proof. The money received by EFCC will not be used to make the country better. If the news is true, the money recovered will be shared between the government and the head of the EFCC. EFCC used to seize cars, houses, and money from fraudsters. How the money is spent will not be made public because they later sell it off and use the money for their family. Indirectly, they are stealing from the people.

The way this country has turned to is so scary because the government cannot be trusted again, they have failed their promises that is why they cannot be trusted. When I saw this news I wasn't happy about it because this wasn't the first time of them receiving this kind of amount but after the publication they decided to keep quiet, which simply means that the money have been moved from pocket to pockets, our leaders are just fooling us by stealing public funds through the use of this agency that is why I don't take their news serious anymore because they are all corrupt.

[DYOR+BTC]

It is hard for me to believe this news. I don't trust the government, and now the media has entered my blacklist because I do no longer trust news coming from the local publishers. In Nigeria, we hear news of the military arresting terrorists without any evidence to show Nigerians how it all happened. We get to believe them because the internet can be filled with fake images, either old images or images generated with AI, as proof. The money received by EFCC will not be used to make the country better. If the news is true, the money recovered will be shared between the government and the head of the EFCC. EFCC used to seize cars, houses, and money from fraudsters. How the money is spent will not be made public because they later sell it off and use the money for their family. Indirectly, they are stealing from the people.

Publishing of such attractive news is what I see and believe is our politicians new strategic mode of operation just to make all believed they are working when we know they are not.  Although I don’t blame publishers because we are in a country where public or private institutions can't make decisions but only takes instructions from corrupt government officials working to cover there corrupt practices.

Every year news of EFCC recovering stolen money surfaces online but where it goes is what I can't tell because with the availability of those recovered money, the country still goes borrowing which means those news are just all fabricated to help show they are working when they are doing nothing.

[TrialBitcoin]

I'm tired of hearing about huge recovered figures that are not put into good use, this is not the first time they've recovered audio stolen funds, i call it audio because if it were true the debt Nigeria is owing world bank and other countries would've been cleared with them but they end up being looted instead of using it to change the economic situation of the country, even the so called EFCC is corrupt so news like this from them shouldn't be taken seriously because they are part of the politicians and they know themselves.

I completely understand the frustration. Recovering stolen funds is only meaningful if Nigerians can actually see the impact of those recoveries. If billions are recovered but the money keeps disappearing without transparency or accountability, then it becomes another headline without real value. The government needs to show exactly where recovered funds go and ensure they are used to improve the economy and the lives of ordinary Nigerians.

[Yeesha]

You think the reason our government go out to borrow money from other countries or the world bank is because we don’t have money in our country? Of course we do, but these funds are going straight into the pockets of some individuals. Our country isn’t poor, we are rich, in resources, wealth and IQ and what have you, but the our resources are being mismanaged and embezzled by our leaders.

Mismanagement is one of the major reasons why we are facing financial problems in Nigeria. Nigeria is rich in terms of mineral resources, but improper utilisation and mismanagement are gradually killing our country. You did mention that the government is not borrowing money because we don't have money, you're extremely right. We have money that they suppose to use for the growth and development of our country, but the money is going directly into their pockets and not just that, including the money that they borrowed. Because even if they are holding the country's money and decided to take loan to ensure the growth and development of the country, I believe we will be far from where we are now. Since the presidential election I haven't see any improvement in the country, and not even new innovation.

[Tungbulu]

Mismanagement is one of the major reasons why we are facing financial problems in Nigeria. Nigeria is rich in terms of mineral resources, but improper utilisation and mismanagement are gradually killing our country. You did mention that the government is not borrowing money because we don't have money, you're extremely right. We have money that they suppose to use for the growth and development of our country, but the money is going directly into their pockets and not just that, including the money that they borrowed. Because even if they are holding the country's money and decided to take loan to ensure the growth and development of the country, I believe we will be far from where we are now. Since the presidential election I haven't see any improvement in the country, and not even new innovation.

That’s true and it all boils down to corruption and corrupt governance. The level of corruption both in the federal and the local level is really crazy. True true, e no get any country for this world for this world wey no get corruption but our own be say we carry am for head, still wear am for body like agbada. If we for just manage reduce the level of corruption for this our country, I bet you say this country go be one of the best, if not the best, because everything completely for the country.

[Mr_Brilliant$]

Recently, Tinubu government have given an order that all the missing funds and s9me other funds be diverted to NETFUND to keep funding schools. But hey, we leave in a country where corruption is beneficial and they end of re-strealing the money that was ment for students. What if the stolen funds even diverted, maybe it has been diverted back. EFCC are not ready to tackle it. Nothing is new under the sun.