The Economic and Financial Crimes Commission (EFCC) has handed over ₦108 million recovered from an alleged fraud involving two former employees to Karren Walters Attorneys in Lagos.
The anti-graft agency disclosed this in a statement on Friday, noting that the funds, presented through bank drafts, were recovered during an investigation into allegations of abuse of office, forgery, stealing and diversion of company funds.
According to the EFCC, investigations revealed that two former employees of the company, Nkechi Gladys Megai and Godson Eze, allegedly orchestrated the fraud through forged documents and fraudulent financial transactions.
The commission stated that Megai is currently at large after allegedly fleeing to the United Kingdom, while Eze served as the company’s Chief Financial Officer before the alleged offences were uncovered.
The EFCC said the suspects allegedly exploited their positions within the organisation by creating fake invoices in the names of legitimate vendors and diverting company funds into unauthorised accounts over an extended period.
According to the commission, the fraudulent transactions resulted in losses running into several hundreds of millions of naira.
Speaking during the handover ceremony, the Acting Zonal Director of the EFCC Lagos Zonal Directorate 2, Assistant Commander of the EFCC, Bawa Usman Kaltungo, reiterated the commission’s commitment to ensuring justice for victims of economic and financial crimes.
“The Economic and Financial Crimes Commission remains committed to ensuring that victims of economic and financial crimes obtain justice and, where possible, recover assets fraudulently obtained from them,” he said.
Kaltungo also assured that efforts were ongoing to apprehend all individuals connected to the alleged fraud, including suspects who may have fled the country.
“Efforts are ongoing to ensure that all persons connected with the fraud, including those who have fled the country, are brought to justice in accordance with the law,” he added.
The EFCC noted that legal representatives of the affected company commended the commission for its professionalism and dedication in handling the investigation.
According to the statement, the lawyers expressed appreciation for the agency’s diligence and commitment to recovering the diverted funds.
They also noted that the recovered money would help reduce the financial impact of the losses suffered by the company.
The commission said investigations remain ongoing as efforts continue to trace and recover additional funds linked to the alleged fraud and bring all suspects involved before the law.
