The newly-appointed Chairman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, on Wednesday, disclosed that the commission had identified about N70 billion fraud perpetrated through the Federal Government fuel subsidy programme.
Bawa made the disclosure in an interview with journalists at the Ikeja High Court, Lagos, after testifying in a fuel subsidy trial involving an oil firm, Nadabo Energy.
Expressing concerns at the slow pace of some of the fuel subsidy trials, Bawa said the commission will continue to rigorously pursue all its cases in court.
He also disclosed that the EFCC is working tirelessly to arrest an alleged fuel subsidy suspect, who was arraigned in 2012, but jumped bail and fled the country.
Credit: ObjecTV media