Alleged Fraud: EFCC recovers N108m, pursues suspect who fled to UK

The Economic and Financial Crimes Commission (EFCC) has returned N108 million recovered from an alleged fraud case involving two former employees of a Lagos company.

The anti-graft agency announced this in a statement on Friday. It said the money, presented as bank drafts, was recovered during an investigation into allegations of abuse of office, forgery, stealing and diversion of company funds.

According to the EFCC, one of the suspects, Nkechi Gladys Megai, is currently on the run after allegedly fleeing to the United Kingdom. The second suspect, Godson Eze, is the company’s former Chief Financial Officer (CFO).

The commission said the two suspects allegedly forged documents, created fake invoices using the names of the company’s genuine vendors and diverted company money through fraudulent transactions over a period of time.

The EFCC added that the total amount allegedly stolen ran into several hundreds of millions of naira.

Speaking during the handover ceremony, the Acting Zonal Director of EFCC Lagos Zonal Directorate 2, Assistant Commander Bawa Usman Kaltungo, said the commission remained committed to ensuring that victims of financial crimes receive justice and recover stolen assets whenever possible.

He also said efforts were ongoing to arrest everyone linked to the alleged fraud, including those who have fled the country.

The company’s legal representatives, Karren Walters Attorneys, praised the EFCC for its professionalism and thorough investigation. They said the recovered N108 million would help reduce the financial losses suffered by the company.

The EFCC said investigations are still ongoing as it continues efforts to track down all other suspects connected with the alleged fraud.