The Economic and Financial Crimes Commission, EFCC, said it had recovered over N328.9bn out of N349.8bn debts from nine major petroleum marketers within the last one year.
The EFCC Head of Operations, North West Zone, Kano, Mr Adamu Hamisu-Danmusa, made this disclosure while addressing newsmen in Kano on Tuesday.
According to him, the debts, which included legacy/bad debts and current debts, were recovered following report from the Independent Petroleum Marketers Association of Nigeria to the commission.
“The IPMAN reported to the commission that there are some major marketers that connived with NNPC officials and received fuel allocation but refused to pay the money into the Treasury Single Account.
“So after investigation, we were able to find out that there is N349.8bn as legacy/bad debts and debts on current transactions.
“The commission was able to make recoveries of N328.8bn from the nine major marketers from July 2016 to July 2017,” he said.
Hamisu-Danmusa added that the commission had also recovered huge amount of money from the cases reported by individuals, corporate bodies and Independent National Electoral Commission
“The money include N364.4m, $4.7m, £60,050, 59,200 euro and 70,500 Saudi Riyals.
“The money was recovered from January to date, “ Hamisu-Danmusa said.
He said the commission recovered N305,000 from a Chinese national arrested at the Malam Aminu Kano International Airport, Kano, on July 25.
He added that the Chinese, Mr Ma Youngin, who could not speak English language, was apprehended by Customs officials with the money while on his way to Dubai.
One other suspect was also arrested at Malam Aminu Kano International Airport, Kano, with 849 different ATM (debit) cards.
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