The Economic and Financial Crimes Commission (EFCC) has handed over N108 million recovered during an investigation into an alleged fraud involving two former employees of Greenwich Planet Sun King Nigeria Limited.
The recovered funds were presented to the company in bank drafts on Wednesday at the Lagos Zonal Directorate 2 of the anti-graft agency.
According to the EFCC, the money formed part of the proceeds recovered in an ongoing investigation into allegations of abuse of office, forgery, stealing and diversion of company funds.
The Commission identified the suspects as Nkechi Gladys Megai and Godson Eze, a former Chief Financial Officer of the company.
While Eze is being investigated, the EFCC disclosed that Megai is currently at large after allegedly fleeing to the United Kingdom.
Investigators said the suspects allegedly exploited their positions within the company by forging documents, creating fake invoices in the names of legitimate vendors and diverting company funds through fraudulent financial transactions carried out over an extended period.
The EFCC further revealed that the alleged fraudulent payments amounted to several hundreds of millions of naira, with investigations still ongoing to establish the full extent of the financial losses.
Speaking during the handover ceremony, the Acting Zonal Director of Lagos Zonal Directorate 2, Assistant Commander of the EFCC (ACE I) Bawa Usman Kaltungo, reiterated the Commission’s commitment to ensuring that victims of economic and financial crimes receive justice and recover assets stolen through fraudulent activities.
Kaltungo said the Commission remained determined to pursue all individuals connected with the alleged fraud, including suspects who had fled Nigeria.
“Efforts are ongoing to ensure that all persons connected with the fraud, including those who have fled the country, are brought to justice in accordance with the law,” he said.
Representatives of Greenwich Planet Sun King Nigeria Limited expressed appreciation to the EFCC for its investigation and professionalism in recovering part of the company’s lost funds.
The company’s legal representatives said the recovered N108 million would help cushion the financial impact of the alleged fraud and reduce the losses suffered by the organisation.
The EFCC has continued to emphasise asset recovery as a key aspect of its anti-corruption mandate, with recovered proceeds of crime frequently returned to individuals, companies and public institutions after due legal processes.
