EFCC Boss Dismisses Reports Linking Serving Minister To $37.5m Property

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EFCC Boss Dismisses Reports Linking Serving Minister To $37.5m Property

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, has dismissed media reports linking a serving female minister with the Buhari administration to $37.5 million property in the country.

The EFCC boss had on June 15 during an interview with Sunrise Daily, a Channels Television programme, revealed that the commission investigated a female minister, who bought 37.5 million dollars property from a bank and deposited 20 million dollars.

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However, Bawa, during the weekly briefing organised by the Presidential Communication Team in Abuja on Thursday clarified that he was not referring to a serving minister in his narration of how a minister purchased a property via a bank manager.

The EFCC chairman was reacting to a question on why no minister had resigned or a bank manager being prosecuted over the matter, saying that he only made reference to Diezani Alison-Madueke case not a serving minister as wrongly reported.

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“We investigated a matter in which a bank Managing Director marketed a property to a minister and agreed to purchase it at 37.5 million dollars.

“The bank then sent a vehicle to her house to evacuate $20 million from her house in the first instance,” he said.

He had also identified the real estate sector as a major conduit for money laundering in the country.

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According to him, 90 to 100 per cent of stolen public funds are used for the procurement of landed properties in the country and abroad. (NAN)

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