Scandal: EFCC Boss Reveals How Nigerian Minister Embezzled 15B

 Scandal: EFCC Boss Reveals How Nigerian Minister Embezzled 15B

The Chairman of the Economic and Financial Crimes Commission, Mr Abdulrasheed Bawa, has described the real estate sector as one with grand scale corruption in the country.

The EFCC Boss who was speaking on a Television programme on Wednesday, June 16, 2021, added that about 90 to 100 percent of resources are being laundered through the sector.

He said the Commission investigated a female Minister, who he said, bought $37.5m property from a Bank and deposited $20 million cash.

Mr Bawa said without the help of the Banker, the Minister could not have imagined collecting $20 million from anyone with opportunity from the real sector.

The EFCC Boss, who is marking his 100 days in Office, did not however disclose the identity of the suspect, whether she is a current or former Minister.

TINU

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