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    Home » EFCC Arrests Energy Commission DG Over Alleged ₦500 Billion Money Laundering Scheme
    Metro

    EFCC Arrests Energy Commission DG Over Alleged ₦500 Billion Money Laundering Scheme

    Ifetayo AdeniyiBy Ifetayo AdeniyiMay 13, 20261 Min Read
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    Manny Ita  –

    The Economic and Financial Crimes Commission has reportedly arrested the Director-General of the Energy Commission of Nigeria over allegations linked to the laundering of about ₦500 billion.
    Sources familiar with the investigation said the anti-graft agency is probing suspected financial transactions, contract allocations and movement of funds allegedly tied to the commission during the official’s tenure.
    The arrest is said to be part of a wider investigation into alleged abuse of office, diversion of public funds and questionable procurement activities connected to energy-related projects and government allocations.
    Although the EFCC has yet to release a full official statement detailing the allegations, investigators are reportedly examining financial records, company transactions and accounts believed to be connected to the case.
    The development adds to a growing list of high-profile corruption investigations involving senior government officials and public institutions as anti-corruption agencies intensify scrutiny of public sector spending and contract administration across Nigeria.
    More details are expected as investigations continue.

    Metro
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    Ifetayo Adeniyi
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    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

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