The Economic and Financial Crimes Commission (EFCC) has returned ₦108 million recovered from an alleged fraud involving two former employees of a Lagos-based company to the firm’s legal representatives, Karren Walters Attorneys.
In a statement issued on Friday, the anti-graft agency said the money, presented in bank drafts, was part of funds recovered during an investigation into allegations of abuse of office, forgery, stealing and diversion of company assets.
According to the EFCC, investigations revealed that the two suspects—Nkechi Gladys Megai, who allegedly fled to the United Kingdom and is currently at large, and Godson Eze, the company’s former Chief Financial Officer—used their positions to orchestrate a fraudulent scheme.
The commission alleged that the suspects forged company documents, created fake invoices using the names of legitimate vendors, and diverted company funds through a series of fraudulent transactions carried out over time. It added that the alleged fraud involved several hundreds of millions of naira.
Speaking during the handover ceremony, the Acting Zonal Director of the EFCC’s Lagos Zonal Directorate 2, Assistant Commander of the EFCC Bawa Usman Kaltungo, said the commission remained committed to ensuring justice for victims of economic and financial crimes.
“The Economic and Financial Crimes Commission remains committed to ensuring that victims of economic and financial crimes obtain justice and, where possible, recover assets fraudulently obtained from them,” he said.
Kaltungo added that efforts were ongoing to apprehend everyone linked to the alleged fraud, including suspects who had reportedly fled the country.
“The commission is determined to ensure that all persons connected with the fraud are brought to justice in accordance with the law,” he said.
The EFCC said the company’s legal representatives praised the commission’s diligence, professionalism and commitment to recovering the stolen funds. They also noted that the recovered money would help cushion the financial losses suffered by the company.
The anti-graft agency said investigations are continuing as it intensifies efforts to recover additional assets and bring all those involved in the alleged fraud to justice.
