Monday, 18 July 2016

EFCC Interrogates NTCF Director n 24 Others

The Economic and Financial Crimes Commission (EFCC) has been interrogating its director general and 24 other officials over withdrawal of $219,000.00 from the account of the Nigerian Technical Cooperation Fund (NTCF).
Accoding to LEADERSHIP an aggrieved insider staff of the agency had petitioned the EFCC that the DG of the agency had allegedly connived with 24 other Nigerian officials in the parastatal and illegally siphoned the amount for personal use.

The money, which was meant to provide some development projects for some African countries in the 2013 fiscal year, is jointly managed by the African Development Bank and the NTCF and domiciled in the Central Bank of Nigeria, CBN.

An EFCC source said based on the series of petitions received by the agency, its operatives, who posed as auditors and spent days to scrutinise the accounts of the agency, discovered the alleged fraud.

According to the sources in separate statements said “It was clear to use that the money in question had been withdrawn by the officials but what we want to know is on what the money was used for.

“Having established a prima facie case of illegal withdrawal, we invited the DG and the 24 staff and they were interrogated between Tuesday and Thursday and all of them made useful statements to the commission.


“They were all admitted to administrative bail having accepted to refund the money to the last kobo and we have asked them to report back on Thursday.”

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