EFCC Returns N108m Recovered from Alleged Company Fraud
The Economic and Financial Crimes Commission (EFCC) has returned N108 million recovered during an investigation into an alleged financial fraud involving two former employees of a Lagos-based company.
The recovered funds, presented as bank drafts, were handed over to the company's legal representatives during a formal ceremony in Lagos.
According to the commission, the money was recovered while investigating allegations of abuse of office, forgery, theft and the diversion of company funds.
Investigators alleged that one of the suspects, Nkechi Gladys Megai, who is believed to have left Nigeria for the United Kingdom, and Godson Eze, the company's former Chief Financial Officer, orchestrated fraudulent transactions by creating forged documents and fake invoices using the names of legitimate vendors.
The EFCC said the scheme allegedly enabled the diversion of hundreds of millions of naira over an extended period.
Speaking during the handover, the Acting Zonal Director of EFCC Lagos Zonal Directorate 2, Assistant Commander Bawa Usman Kaltungo, reaffirmed the agency's commitment to recovering stolen assets and ensuring justice for victims of financial crimes.
He added that efforts are ongoing to arrest all individuals connected to the alleged fraud, including suspects who have left the country.
Representatives of the affected company expressed appreciation to the EFCC for its investigation and asset recovery efforts, noting that the returned funds would help reduce the financial losses suffered by the firm.
The anti-graft agency said investigations remain active as it continues efforts to recover additional assets and bring all suspects before the law.
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