Di Chairman of di Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, don lead big breakthrough for di ongoing investigation into di alleged criminal aspects of transactions wey involve Nestoil Limited and one consortium of lenders.
For di meeting wey di EFCC Chairman call and chair, dem agree on a structured repayment plan between Nestoil Limited and di consortium of lenders, as part of efforts to recover outstanding indebtedness.
Di agreement don already produce significant result, with US$60 million recovered from Nestoil Limited and paid to di consortium during di investigation. Di payment, wey di EFCC Lagos Zonal Directorate 2 operatives facilitate, led by di Head of Investigation, Mr. Oguzi Moses, na big milestone for di Commission’s commitment to promote accountability, protect di interests of financial institutions, and safeguard depositors’ funds.
While dem welcome di payment as encouraging development, di consortium of lenders note say e only represent di first phase of di repayment process, as substantial portion of di outstanding debt still remain to settle. Di lenders reaffirm dia commitment to work closely with EFCC and oda relevant stakeholders to ensure di recovery process continue seamlessly until di outstanding indebtedness fully liquidate.
Di lenders also reaffirm dia readiness to support EFCC by providing all relevant documents wey dem need for di diligent prosecution of di investigation, while ensuring say all parties comply with di law and di recovery process remain lawful, transparent, and commercially responsible.
EFCC again reaffirm say e go pursue di investigation to dia logical conclusion and make sure say di full recovery of depositors’ funds go happen according to di law.
