EFCC Denial: No Sharing of Emefiele Forfeited Funds

Reports alleging that the Economic and Financial Crimes Commission (EFCC) distributed N54 billion forfeited by associates of former Central Bank of Nigeria governor Godwin Emefiele to its officials, ministers, and President Bola Tinubu’s aides have been refuted by the EFCC.

The EFCC, through its spokesperson Dele Oyewale, dismissed the accusations as false, emphasizing that the notion of sharing forfeited assets among its personnel was baseless and mischievous.

The Commission urged the public to disregard the report, stating, “No EFCC official has ever been involved in sharing proceeds of forfeited assets. The concept of sharing forfeited assets is unfamiliar to us.”

The EFCC emphasized that the report was sensational and displayed ignorance of the established asset recovery and management protocols, as outlined in the EFCC Act of 2004 and the Proceeds of Crime (Recovery and Management) Act of 2022.

According to the EFCC, there is no provision for sharing forfeited assets, calling the idea infantile and highlighting the clear guidelines for the destination of such proceeds.