EFCC Recovers N4.3 bn from Oil Subsidy Suspects- Lamorde

Executive chairman of the Economic and Financial Crime Commission, EFCC, Ibrahim Lamorde yesterday disclosed that the Commission has recovered N4.3billion from suspects involved in the petroleum subsidy scam. He made the disclosure yesterday when the management of the Petroleum Products Pricing Regulatory Agency led by its Executive Secretary, Mr. Farouk Ahmed paid him a courtesy visit in his office in Abuja. The EFCC boss said the collaboration between the two agencies was pivotal to the Commission instituting court cases against 13 oil marketers indicted in the investigations in to the fraud in the subsidy regime. He called for a sustained partnership between the agencies in order to sanitize the petroleum industry, adding that such collaboration was imperative as the Commission will regularly seek for information and documents from the PPPRA. According to him, pressure may also come from the EFCC on staff of PPPRA as they will be required to testify in court or provide evidence for the prosecution of those involved in subsidy scam. “I know pressure will be put on your staff. Earlier, the PPPRA chief executive, Farouk Ahmed thanked the EFCC chairman for receiving his team. He said the visit was to further consolidate the relationship between the EFCC and PPPRA. Ahmed who commended the EFCC for its effort to rid the country of economic and financial crimes said he was looking forward to a more effective collaboration between the two agencies.