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EFCC Recovers $100m From INTELS

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, said that EFCC had so far recovered $100 million from Integrated Logistics Services (INTELS) on behalf of the Nigerian Ports Authority (NPA), noting that the agency does not make recoveries for only the federal government, but all victims of fraud.

Bawa stated this on Thursday while speaking during the weekly Ministerial Briefing organized by the Presidential Media Team at the Presidential Villa, Abuja.

He recalled that the Commission recovered a total of $100 million for the NPA from some of the outstanding remittances that INTELS was owing the country.

“We have made recoveries for victims of crimes and they can be individuals, local government, state government, federal government, corporate entities whether in Nigeria or outside Nigeria.

“There are also recoveries that are indirect recoveries. Just a couple of weeks back, we recovered $100 million for the Nigeria Ports Authority but the monies were paid into the account of NPA through our efforts”, he added.

 

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