EFCC Gives Insight Into How Recovery Monies From Looters Are Spent

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THE Economic and Financial Crimes Commission (EFCC) has given insight into how recovered monies from looters were spent.

The Chairman of the anti graft agency, Ola Olukoyede in a viral video on Social Media available to SOJ WORLDWIDE explained that part of the funds was used to finance the Federal Government’s National Education Loan Fund (NELFUND)

He added that over 200,000 students have benefited from the fund and credits for civil servant.

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“For those asking what recovery monies are used for

Part of the proceeds made last year was appropriated to NELFUND: N50Billion

200,000 students have  benefited so far from NELFUND

Also Credit Corporations where civil servants can easily go in and obtain credit  probably in single digit interest rates

These have positively impacted the Economy of our Nation.”

WATCH VIDEO:  https://x.com/officialEFCC/status/1932031540801790031

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