News
Adeosun clarifies letter to EFCC boss on recovered funds
The Minister of Finance, Mrs. Kemi Adeosun, has clarified the letter to the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, on cash recoveries by the Federal Government which has been widely misinterpreted in the social media
Accordingly, the Minister, on Sunday, stated explicitly that the letter dated 9th February, 2018, was a standard letter aimed at improving controls over the recovered funds. She explained that the communication was a routine practice in the public service for proper record keeping on the recovered funds in the anti-corruption war in the country. She added that eh response is already helping in reconciliation and harmonization of the recovered funds.
“There is no ulterior motive behind the letter as alleged in some media reports but to enable the reconciliation and harmonisation of the figures on recovered funds by the Government.
“For the avoidance of doubt, the EFCC has subsequently provided the requested information and reconciliation is ongoing.”
-
Latest1 week agoGlobal excitement builds as Healing Streams Live Services returns October 23
-
Featured6 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Featured6 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business1 week agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business4 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business6 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest6 days agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy
-
Business1 week agoRite Foods targets beverage market growth with LIDA Malt