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EFCC recovers over N90bn debts from lottery operators

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The Executive Secretary/CEO, National Lottery Trust Fund (NLTF) Tosin Adeyanju has revealed that the Economic and Financial Crimes Commission (EFCC) assisted in recovering debts owed to the Fund to the tune of over N9 billion.

Adeyanju made the revelation on Friday, when he led the management team of NLTF on a courtesy visit to the Executive Chairman of the EFCC, Ola Olukoyede at the Commission’s corporate headquarters, in Abuja, the nation’s capital.

Describing the recovery as “a big feat” he stated that it has ensured that the Fund played its role in assisting the federal government deliver on its promises of provision of social and physical infrastructure across the country.

“I want to thank the EFCC Chairman for the excellent outcome of our collaboration on the recovery of outstanding lottery liabilities to the federal government which has led to significant improvement of remittances by lottery operators to the Trust Fund. I must commend and thank you for providing leadership and recovering over N9 billion for the National Lottery Trust Fund.

“This is a big feat for us. This has ensured that the Trust Fund played its role in the fulfillment of President Bola Ahmed Tinubu’s Renewed Hope Agenda in spreading good causes across the country.”

The NLTF boss further commended Olukoyede for the results achieved in the anti-corruption fight so far.

“I am aware that you have recovered over N200 billion and over $58 million of looted funds within the period.”

He appealed to the Commission to sustain its recovery efforts of lottery proceeds shortfalls noting that the interventions of NLTF in different areas of need in the country can only be sustained when operators and stakeholders in the industry remit what is due to the government.

Olukoyede in his response noted that though Adeyanju was new on the saddle, he had shown early signs of focus and determination to thread the path of probity.

Olukoyede admonished Adeyanju that being in a position of trust he should be mindful of the legacy that he would leave behind at the end of his tenure.

“I want to advise you to be careful in the application of the funds available to you. Like they say in Nigeria’s local parlance ‘shine your eye.’ Don’t put your signature on what you are not sure of. Read every memo that comes to you and make sure that your people on the field monitor the execution of the projects that you are allocating money for. Be guided by your conscience. Always do what is right. We are here today but we are not going to be here forever. A day will come when we will be called to account for our deeds in office, so let that guide your disposition to work. I say the same thing to members of your team.”

The Chairman who assured the delegation of enhanced EFCC collaboration in the area of debt recovery, stated that it was a statutory obligation of the Commission to do so.

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HAPPENING NOW: LG election holds in Rivers despite police absence •PHOTOS

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The local government election has commenced in Rivers State, despite the absence of police to man the process.

 

Our source hinted that sensitive materials have been distributed across the local government areas.

 

 

The state governor, Siminalayi Fubara, has vowed to conduct the local government election amid tensions in the state.

 

 

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Nigerian Police Refund N1million Cash Extorted From Corps Members In Lagos As Officers Undergo Probe

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Three members of the National Youth Service Corps (NYSC) have been refunded N1million, which was allegedly extorted by four police officers in Surulere area of Lagos State.

 

The officers reportedly demanded the money after the corps members failed to provide a physical copy of a driver’s licence.

 

 

An X user, Oluyemi Fasipe, had shared details of the incident, stating that one of the corps members was also forced to transfer Bitcoin worth $842 to the officers.

 

 

The Lagos Police Public Relations Officer, Benjamin Hundeyin, confirmed the officers involved had been identified and were undergoing interrogation.

 

“The rogue men of the Area C command of the @LagosPoliceNG who extorted over 1 million naira from the corp members have refunded the money,” Fasipe tweeted on Friday, October 4.

 

 

Hundeyin had stated that the outcome of the trial would determine the culpability of the officers, which could lead to their dismissal. Fasipe also expressed appreciation for the efforts of both Hundeyin and the Lagos State NYSC office in facilitating the refund.

 

He further added, “I like to appreciate @BenHundeyin and the @officialnyscng Lagos State for their efforts too. I also like to use the opportunity to say hello to my friend in Delta State, @Brightgoldenboy.”

 

 

 

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FBI Requests EFCC’s Assistance To Arrest Two Nigerians, Shodiya Babatunde and Yinka Ahmed For Stealing $13Million From American Healthcare Provider…

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The Federal Bureau of Investigation has urged the Economic and Financial Crimes Commission to help track down and apprehend two Nigerian fugitives wanted over a multimillion-dollar healthcare scheme in the United States.

 

 

Babatunde Shodiya and Yinka Jamiu were indicted on September 25 by a grand jury at the U.S. District Court of Minnesota over their involvement in a scheme that saw several healthcare providers lose $13 million between October 2020 and 2024.

 

American officials said the suspects are citizens and residents of Nigeria and urged Nigeria’s frontline anti-graft office to help locate and take them into custody, according to officials familiar with the matter who briefed Peoples Gazette.

 

 

The U.S. officials have reached out to us and they said the suspects are hiding in the country,” an EFCC agent said under anonymity to comment on an ongoing investigation. “We have an obligation to honour the request of our U.S. counterparts as part of our longstanding collaboration to combat cross-border crimes.”

 

Messrs Shodiya and Jamiu targeted at least four Minnesota-based health service providers and tricked them into paying $13 million to a manipulated account rather than the intended beneficiaries.

 

 

Knowing that Optum Pay was the preferred payment system that major health service providers adopted in Minnesota, Messrs Shodiya and Jamiu created a fake domain to divert payment for health plans into an account they set up.

 

After creating a fake domain, fairviewhospitals.org, they opened email accounts in the name of the hospital’s CEO, executive vice-president and business analyst.

 

 

With the fake addresses, Messrs Shodiya and Jamiu sent emails to Fairview employees directing them to “access an Internet link and provide information,” including their usernames and passwords.

 

From the information supplied by the unsuspecting staff, the duo gained access to Fairview’s Optum Pay account and changed the bank information to another account.

 

“Defendants Babatunde and Ahmed then changed the banking information on vendor accounts in order to direct third-party vendors to transfer funds intended for Fairview Health into unauthorised bank accounts controlled by the defendants and their co-conspirators,” the indictment sheet stated.

 

 

While posing as Fairview Health CEO and executives, the suspects contacted vendor companies, including Blue Cross Blue Shield, to update their payment accounts with new ones.

 

“On or about July 29, 2020, Blue Cross Blue Shield of Minnesota made approximately 18 wire transfers totalling nearly $8 million to an account controlled by the defendants,” stated the indictment.

 

Company B, another vendor whose identity the FBI shielded, transferred over $1 million to the fraudulent account on November 19, 2020.

 

 

Company A, a vendor health plan provider, deposited $2.8 million into the fake account in two tranches: $1.4 million on November 25, 2020, and the second $1.4 million on December 4, 2020.

 

For impersonating Fairview’s CEO and other business executives on June 20, 2020, Mr Shodiya was facing additional charges of aggravated identity theft asides the wire fraud charges.

 

The duo will forfeit any money and property linked to the proceeds of the fraud to the U.S. government.

 

If the EFCC successfully tracks down Mr Shodiya and Mr Jamiu, they will be extradited to the U.S. to stand trial.

 

 

Peoples Gazette

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