The Economic and Financial Crimes Commission (EFCC) is investigating former Minister of Finance, Dr. Ngozi Okonjo-Iweala; former Minister of Petroleum, Mrs. Diezani Alison-Madueke, and her close associate and businessman, Mr. Kola Aluko.
The Will reports that Acting Chairman of the EFCC, Mr. Ibrahim Magu, said this on Monday when he appeared before the House Committee on Financial Crimes to defend the commission’s 2016 budget proposal.
Magu reportedly said the anti-graft agency was extending its radar to the oil sector, with the view to recovering the looted funds from some political appointees and public servants.
Recall that Alison-Madueke was arrested by the National Crime Agency (NCA) in the United Kingdom last year, along with four others. They are being investigated for bribery and money laundering following the seizure of £27,000 from her.
A member of the House committee, Hon. Razak Atunwa, who inquired about the probe into the petroleum sector, when asked to confirm the information, was quoted as saying :
“I said EFCC has recovered a lot of money for Nigeria and he (Magu) mentioned that, in that regard, more sectors of the economy is likely to come under Investigative activity.
“I said it includes petroleum sector? He said yes. And I said would it include investigating the following people: Diezani Allison-Madueke, Okonjo-Iweala and Kola Aluko, and he said yes. Those people are already under their investigative radar.”
During the budget presentation, Magu argued that the sum of N1, 389,429,463 recommended by the Ministry of Budget and Planning for 2016, as against N2, 999,245,761 requested by the commission, representing a shortfall of N1, 609,816,298 or 116 percent from its overhead expenditure, may jeopardise his commission’s efforts at recovering stolen funds.
“In view of the current increase in the commission’s activities to achieve its anti-corruption mandate, the ministry’s proposal will adversely affect her ability to prosecute the war against corruption, including investigative activities (local travels and transport) as well as manpower development.”