EFCC transfers N80m recovered in Delta land fraud case to claimant
Nigeria’s Economic and Financial Crimes Commission has handed a draft worth N80m to businessman Ifeanyi Madueke. The agency said the money formed part of funds recovered in connection with a land scam in Delta State, although the supplied report gives no further details about the investigation or suspects.
The Economic and Financial Crimes Commission has handed a draft valued at N80m to businessman Ifeanyi Madueke, describing the payment as part of funds recovered from a land scam in Delta State. Punch Nigeria reported that the commission transferred the recovered money to Madueke. The available material identifies him as the victim of the transaction but does not provide details of the land involved or explain how the alleged scam was carried out.
It also does not name any suspects, state whether arrests or prosecutions have taken place, or say how much money was allegedly lost in total. The report gives no further information about the recovery process or whether additional funds remain outstanding. The handover represents the only specific development contained in the supplied account.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.