Betta Edu Probe: EFCC Recovers N30 Billion, Investigates 50 Bank Accounts

The Economic and Financial Crimes Commission (EFCC) has announced that it has successfully retrieved N30 billion in connection with the alleged money laundering case involving Betta Edu, the suspended Minister of Humanitarian Affairs, and the ministry, Aso Naija Reports.

In a bulletin titled “EFCC Alert,” which was released to the press on Monday, the EFCC revealed that it is currently investigating approximately 50 bank accounts linked to the case. The N30 billion that has been recovered has been deposited into the Federal Government’s accounts.

The bulletin stated, “We would like to provide an update on the ongoing investigation into the Betta Edu case. It is important to note that our investigations are conducted in accordance with established laws and regulations.

The Nigerian people are aware that the individuals involved have been suspended pending the outcome of our investigations.

President Bola Tinubu has demonstrated his commitment to combating corruption.

“Furthermore, we have successfully recovered over N30 billion in connection with this particular case, and these funds have been transferred to the Federal Government’s accounts.

Investigative processes take time, and it has been less than six weeks since we initiated this matter.

Some cases require years to reach a conclusion due to the complexity involved. We are dealing with multiple dimensions, and we must diligently pursue the leads we have uncovered.

The Nigerian people are urged to exercise patience in this matter.

We have a team of professionals handling this case, and they are committed to following the correct procedures. Numerous significant leads have emerged from our investigation.

“At present, we are scrutinizing more than 50 bank accounts that have been implicated in money transfers. This is not a trivial matter—it is a significant undertaking.

Some inquiries have been made regarding the strength of our staff. We want to assure you that we have a considerable workforce dedicated to this case.

Additionally, we are handling thousands of other cases concurrently.

The Nigerian people have witnessed the impact of our efforts through the suspension of certain individuals and the recovery of misappropriated funds.

The program in question has also been suspended. We are actively exploring various discoveries that have emerged during our investigation.

“If the objective is to see individuals prosecuted and incarcerated, we ask for your patience. Legal proceedings must follow due process.

Therefore, we kindly request that Nigerians wait and afford us the benefit of the doubt.”