FG gets N1.9bn from funds seized from Tafa Balogun & others

The Economic and Financial Crimes Commission (EFCC) says N1,956,007,975.81 has accrued to government as interest from the public funds sized from a former Inspector-General of Police, Mr. Tafa Balogun, and other suspects under investigation or trial.

N2.25billion was confiscated from Balogun alone.

The amount was deposited in 11 accounts,according to records put together by the agency.

The EFCC document sighted by NEWSVENT also shows that seized properties from the founder of the defunct Intercontinental Bank Erastus Akingbola, former Edo State Governor Lucky Igbinedion, former Plateau State Governor Joshua Dariye and seven other highly-placed people under investigation ,have yielded about N185.6million as rents for government.

The other suspects in this category are: Alhaji Tukur Muazu, Bayo Lawal, Kayode Ojuri, Timothy Akani, Esai Dangabar, Aliyu Bello and John Yusuf Yakubu.

Similarly, the EFCC took over 75 money laundering cases involving drug barons from the National Drugs Law Enforcement Agency ( NDLEA) between 2006 and 2013.

EFCC sources told NEWSVENT that the records were put together following controversy generated by the assets seized from the former IGP.