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.
Is Nigeria cursed, or are we the curse?
The past 10 days in Nigeria have witnessed unprecedented negative news, a level of chaos, insecurity, and institutional decay that should trouble the conscience of all the leaders. Our country is now going through troubling times, not by fate, but by our collective leadership failures that allow insecurity, lawlessness, and institutional decay to thrive. Each…
November 24, 2025 • Opinion


