The Economic and Financial Crimes Commission (EFCC) has provided clarification on how recovered public funds are being utilised, emphasising their contribution to national development initiatives.
In a video by the anti-graft agency’s boss, Ola Olukoyede, he said that N50 billion from last year’s recovered funds was allocated to the Nigeria Education Loan Fund (NELFUND).
According to the EFCC, over 200,000 students have already benefited from NELFUND, receiving financial support to further their education.
In addition, the Commission noted that part of the recovered proceeds has also been directed toward the establishment of Credit Corporations, designed to provide civil servants with easier access to credit at affordable, possibly single-digit interest rates. [CONTINUE READING HERE]>>>>
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