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EFCC Denies Raiding Tinubu’s Home And Recovering N400 Billion

The Economic and Financial Crimes Commission (EFCC) denied this weekend that it had raided the home of Chief Bola Ahmed Tinubu, the All Progressives Congress (APC presidential)’s candidate and taken around N400 billion.

However, the commission revealed in a separate statement signed by its spokesman Wilson Uwujaren that the anti-graft agency had recovered N3.3 billion from the National Health Insurance System (NHIS) that had been held fraudulently by several banks.

However, the EFCC statement said that rumors that the organization had conducted a raid on Tinubu’s home were incorrect.

The Economic and Financial Crimes Commission has been alerted to a rumor circulating on social media that says the commission’s agents raided the house of Asiwaju Bola Ahmed Tinubu, the party’s presidential candidate for the upcoming elections, and found a massive amount of N400 billion.

“The EFCC did not conduct such an operation, the commission wishes to emphasize. The report must be disregarded by the public as false information, it said.

Furthermore, the organization claimed in a separate statement that it had recovered an additional N900 million for the National Health Insurance Plan (NHIS).

The amount, according to the report, was a portion of funds that some deposit institutions had been fraudulently holding back since 2015 and refusing to transfer to the NHIS’ Treasury Single Account (TSA).

“On February 8, 2023, two days before the end of the year, the recovered money was transferred to NHIS. On February 10, 2022, the commission also released the sum of N1 billion that was recovered from the banks to NHIS. This comes on top of the N1.4 billion that was previously released to the program on August 5, 2022,” it stated. The commission took note of the fact that on July 29, 2021, NHIS Executive Secretary Professor Muhammad Sambo praised the commission for helping the program recover money that had been fraudulently imprisoned in the safe deposit boxes of some commercial banks.

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