Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories
From the EFCC summoning former Bayelsa governor Timipre Sylva over an alleged $14.86m fraud to revelations that public funds were moved from a local government account into cryptocurrency wallets, fresh anti-corruption developments dominate the morning headlines. In the United States, a former Los Angeles gang leader has been found guilty of murdering rap icon Tupac Read More:…
The Economic and Financial Crimes Commission (EFCC) has summoned former Bayelsa governor Timipre Sylva over an alleged $14.86m fraud.
The EFCC has also uncovered a case of public funds being moved from a local government account to a private company and then into cryptocurrency wallets. According to EFCC Chairman Ola Olukoyede, the commission's Fraud Risk Assessment and Control Department detected the suspicious transactions and intervened by freezing the funds for 72 hours.
Olukoyede expressed frustration that some people called for his head over the action, saying the commission was simply doing its job by investigating the movement of the funds.
Brief written by urgent.news from Punch, Punch Nigeria — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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