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The Economic and Financial Crimes Commission (EFCC) has reopened its investigation into money laundering cases against 13 former governors and several former ministers, with the total amount involved surpassing N853.8 billion.
The development signifies a major step in Nigeria’s fight against financial crimes.
According to Punch, the sum implicated in cases involving the former state leaders and ministers amounts to at least N772.2 billion.
The EFCC is also probing an alleged N81.6 billion embezzlement within the Ministry of Humanitarian Affairs and Poverty Alleviation.
Additionally, a staggering $2.2 billion is reported to have been misappropriated through money laundering and fund diversion, primarily in the defense sector.
This $2.2 billion was allegedly mishandled by individuals including former National Security Adviser Sambo Dasuki; late media mogul Raymond Dokpesi; former Sokoto State governor Attahiru Bafarawa; and ex-Minister of State for Finance, Bashir Yuguda, among others.
The funds, intended for arms procurement to combat terrorism, were reportedly laundered and misappropriated.
Key figures implicated in these cases include ex-governors Kayode Fayemi and Ayo Fayose of Ekiti State; Bello Matawalle of Zamfara State; Chimaroke Nnamani and Sullivan Chime of Enugu State; Abdullahi Adamu of Nasarawa State; Rabiu Kwankwaso of Kano State; Peter Odili of Rivers State; Theodore Orji of Abia State; Danjuma Goje of Gombe State; Aliyu Wamako of Sokoto State; Timipre Sylva of Bayelsa State; and Sule Lamido of Jigawa State.
These investigations stem from allegations ranging from non-remittance of pension funds to campaign fraud and massive money laundering.
