The Nigerian Police Force announced that it has traced $470.5 million belonging to NNPC Brass LNG hidden in some commercial banks accounts in Nigeria. The police also said it discovered another N8,807,264,834.96, belonging to the same project in the banks.
This was revealed in a statement made by the Nigerian Police Spokesperson, Jimoh Moshood. The money was recovered in the banks after the issuance of a directive by President Muhammadu Buhari that all government funds be domiciled in the Treasury Single Account (TSA) .
The police credited the recoveries to Special Units created by the IGP to handle high profile cases including Terrorism, Cyber and high-tech crimes. The Spokesman did not state when the funds were discovered.
“The Nigeria Police Force in the fight against Economic Sabotage and pipeline vandalism related crimes recovered two Vessels, seven speed Boats, eight-three Trucks, 25 assorted Cars including Jeeps, 36 buses, 29 Motorcycles, five speed boat engines and 38 pumping/Drilling Machines and Generators”, Moshood said.