EFCC Reopens Money Laundering Investigations Against 13 Ex-Governors, Ministers

The Economic and Financial Crimes Commission (EFCC) has revived some money laundering cases, spotlighting a N853.8 billion scandal involving 13 former governors and ministers.

Notable figures under scrutiny include current Minister of Defence, Bello Matawalle, with alleged N70 billion money laundering, and former Ekiti State governor, Kayode Fayemi, facing investigation for a purported N4 billion fraud.

Meanwhile, two-term Ekiti State governor Ayo Fayose is in the anti-graft agency’s crosshairs for an alleged N6.9 billion fraud.

The investigations extend to former Enugu State governors Chimaroke Nnamani and Sullivan Chime, Nasarawa State’s Abdullahi Adamu, and Kano State’s Rabiu Kwankwaso, among others.

Notably, the EFCC is delving into campaign fraud linked to Diezani Alison-Madueke’s alleged N23 billion disbursement, implicating Sullivan Chime.

The labyrinth of accusations includes non-remittance of pension funds, massive money laundering schemes, and campaign frauds.

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Former Abia State governor Theodore Orji is under investigation for alleged N551 billion money laundering, and Peter Odili faces allegations of an astounding N100 billion fraud, though his 2008 order of perpetual injunction muddies the waters.

The EFCC’s resurrection of these cases underscores its commitment to tackling corruption at the highest echelons of power. However, the legal intricacies, such as Odili’s standing court order, add complexity to the unfolding narrative. As the anti-corruption agency unearths layers of financial misdeeds, the public awaits the legal ramifications and potential political fallout from this high-stakes resurrection of financial skeletons.