EFCC Head of media and publicity confirmed the latest recovery
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EFCC Head of media and publicity, Femi Babafemi confirmed the latest recovery on Thursday as well as the arrest on Wednesday on the Union Bank Executive Director in charge of risk management, Samuel Oyinlola, for his alleged involvement in the granting of N34billion loan to one Mr. Peter Ololo a Managing Director(MD) of falcon securities.
According to the story; I was said that, He explained N1billoin was recovered from Goodie Iburu , N1.8 billion from Damana Cement, and N400 million from Ieto Cement all for Union Bank.
A total N41.5 million by Dangote industry Managing Director Kunle Aleke , N150 million by Haden oil. The three owned the money to Oceanic Bank.
Babatunde also said that his total recoveries for Intercontinental Bank between Monday & Wednesday amounted to N7.201 billion, Afribank (N6.2billion), N2.270 billion (OCEANIC), N1.5 billion (Union) , and N729 million (Finbank).
He said that some dept were also recovered on Thursday, but he could not confirm the figures as of yesterday news.
He added that the EFCC is not connected with the litigation planned by Oceanic share holders against the Central Bank of Nigeria (CBN) FOR TAKING OVER THE BANK.
''Our case against the bank Chiefs is a criminal procedure and we would still have gone ahead with our investigations and subsequent action,''he stressed.''
