Police recover $470.5m, N123m from commercial banks, INEC officials

By Kazeem Ugbodaga

The Nigeria Police Force on Friday said $470.5 million and N123 million hidden in some commercial banks belonging to the Nigerian National Petroleum Corporation, NNPC Brass/LNG investment have been recovered after the directives of the Federal Government on Treasury Single Account.

Force Public Relations Officer, Jimoh Moshood, who disclosed this in a statement, said on assumption of office, the Inspector-General of Police, IGP, Ibrahim Idris, created Special Units to handle high profile cases, including terrorism, cyber and high-tech crimes, some of which included the IGP Monitoring Unit, Special Investigation Panel (SIP) and Task Force on Anti-Pipeline Vandalism.

He said as a result of these efforts, the Nigeria Police Force recovered the sum of $470,519,889.10) belonging to NNPC Brass/LNG Investment hidden in some commercial banks after the directives of the Federal Government on TSA.

Moshood added that the sum of N8,807,264,834.96 belonging to NNPC Brass/LNG Investment that was not remitted to TSA Account of the Federal Government was also recovered.

Also, he disclosed that the sum N114,290,000 in relation to the December 10, 2016, National And State Assembly re-run elections in Rivers State was recovered from 23 INEC electoral officials.