Suggestions




··

EFCC Returns ₦1.2bn Recovered from Construction Firm to Enugu State

January 22, 2026
by

Nigeria’s anti-corruption agency says it has handed over more than ₦1.2bn ($1.3m) recovered from a luxury construction company to the Enugu State government, following an investigation into an abandoned schools project.

The Economic and Financial Crimes Commission (EFCC) said the money was recovered from Sujimoto Luxury Construction Limited over its failure to deliver 22 “smart schools” awarded by the state government.

In a statement on Wednesday, the commission said Enugu State had paid about ₦2.29bn as an advance for the project, which was due for completion by January 2025 but was not carried out.

Join our WhatsApp Channel

The EFCC said it acted after receiving a petition in February 2025 alleging fraud and breach of contract by the company and its managing director, Dr Olasijibomi Ogundele.

Investigators recovered ₦1,234,350,000, which was formally handed over to the state government on 21 January.

Representing the EFCC chairman, Ola Olukoyede, the commission’s Enugu zonal director, Daniel Isei, said the agency would continue to pursue the recovery of public funds.

“Where public funds are involved and there is evidence of economic or financial crime, the EFCC will ensure restitution is made where possible,” he said, adding that investigations into the matter were ongoing.

Mr Olukoyede also warned contractors handling public projects to comply strictly with procurement laws, saying the commission would trace and recover “every kobo” of public money found to be unaccounted for.

“I Joined Before the UN Bombing,” Suspect Tells Court

EFCC Arrest of Bauchi Finance Commissioner Triggers Political Firestorm – Bala Mohammed

EFCC Begins Investigation of 32 Suspects in Alleged Ponzi, Employment Fraud in Uyo

He said prosecution would follow where criminal conduct is established.
The EFCC did not say whether charges have already been filed against Sujimoto Luxury Construction Limited or its executives.

+ posts

Prosper Okoye is a Correspondent and Research Writer at Prime Business Africa, a Nigerian journalist with experience in development reporting, public affairs, and policy-focused storytelling across Africa

Prosper Okoye

Prosper Okoye is a Correspondent and Research Writer at Prime Business Africa, a Nigerian journalist with experience in development reporting, public affairs, and policy-focused storytelling across Africa

Leave a Reply

Your email address will not be published.

Related Posts

Previous Story

Nigeria Troops Uncover Mass Grave in Borno State

Proposed VAT, Petrol Price Hike Will Deepen Cost-of-living Crisis – Atiku
Next Story

Atiku: Peace Deals with Bandits Favour Criminals, Not Victims

Featured Stories

Related Posts

Latest from News

Ford Foundation Grantees Advance Climate Justice Across West Africa

Ford Foundation’s grantee partners across Nigeria, Senegal, and Ghana are developing innovative solutions to address the impacts of extractive industries, climate change, and energy transitions on community rights, livelihoods, and ecosystems in the region. At a meeting hosted by the Ford Foundation
Previous Story

Nigeria Troops Uncover Mass Grave in Borno State

Proposed VAT, Petrol Price Hike Will Deepen Cost-of-living Crisis – Atiku
Next Story

Atiku: Peace Deals with Bandits Favour Criminals, Not Victims

Don't Miss

Nigeria Needs Leaders With Strong Political Will To Prosper - Ezekwesili

Nigeria Needs Leaders With Strong Political Will To Prosper – Ezekwesili

Chinedu Ezekwesili, the husband of Nigeria’s former Minister of Education,

Africa experiencing longest-running decline in COVID-19 infections

NEW YORK, USA, 14th April 2022 -/African Media Agency (AMA)/-COVID-19 cases