EFCC recovers N328.9bn from petroleum marketers

The Economic and Financial Crimes
Commission today disclosed that it has
recovered over N328.9bn out of N349.8bn
debts from nine major petroleum marketers
within the last one year. Adamu Hamisu-
Dammusa who is the EFCC Head of Operation,
North West Zone, Kano, disclosed this at a
press briefing in Kano. According to him, the
debts, which included legacy/bad debts and
current debts, were recovered following report
from the Independent Petroleum Marketers
Association of Nigeria to the commission.
“The IPMAN reported to the commission that
there are some major marketers that connived
with NNPC officials and received fuel
allocation but refused to pay the money into
the Treasury Single Account. So after
investigation, we were able to find out that
there is N349.8bn as legacy/bad debts and
debts on current transactions. The
commission was able to make recoveries of
N328.8bn from the nine major marketers from
July 2016 to July 2017,” he said

EFCC recovers N328.9bn from petroleum marketers EFCC recovers N328.9bn from
petroleum marketers Reviewed by Wizvibes Media on August 08, 2017 Rating: 5

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