A tip-off by a whistle blower on Tuesday, April 11, 2017 led to another discovery by the Economic and Financial Crimes Commission, EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank.
The suspected owner of the account and the account officer are currently on the run.
Staggering, Like a Giant Robbed of Its Spine
By Babafemi Ojudu There was a time when this country walked tall — not because it was without problems, but because it possessed the will, the confidence, and the inner organs that responded to danger. Today, Nigeria staggers. Not in dramatic collapse, but in a slow, humiliating wobble, like a wounded giant searching desperately for…
November 24, 2025 • Opinion


