EFCC Aids Recovery of N9 Billion for National Lottery Trust Fund
The Economic and Financial Crimes Commission (EFCC) has played a pivotal role in recovering over N9 billion in outstanding debts owed to the National Lottery Trust Fund (NLTF).
This recovery was made possible through a collaborative effort between the EFCC and the NLTF, as revealed by the Executive Secretary/CEO of the NLTF, Tosin Adeyanju, during a courtesy visit to the EFCC’s corporate headquarters in Abuja.
Recovered Funds Key to Advancing National Projects
During the visit, Adeyanju highlighted the significance of the recovery, describing it as a critical achievement that allows the NLTF to continue supporting the federal government’s initiatives aimed at enhancing social and physical infrastructure across Nigeria. He acknowledged the key role the EFCC played in ensuring lottery operators increased their remittances, strengthening the NLTF’s capacity to fulfill its mandate.
“I want to thank the EFCC Chairman for the excellent outcome of our collaboration on the recovery of outstanding lottery liabilities to the federal government which has led to significant improvement of remittances by lottery operators to the Trust Fund. I must commend and thank you for providing leadership and recovering over N9 billion for the National Lottery Trust Fund,” Adeyanju stated.
Adeyanju further emphasized that the funds recovered by the EFCC have been instrumental in contributing to the government’s “Renewed Hope Agenda,” spearheaded by President Bola Ahmed Tinubu. These resources allow the Trust Fund to back projects that promote public welfare and development across various sectors in Nigeria.
Praise for Anti-Corruption Efforts
In addition to acknowledging the N9 billion recovery, Adeyanju commended EFCC Chairman Ola Olukoyede for the Commission’s broader efforts in fighting corruption, citing the recovery of over N200 billion and $58 million in looted funds.
Adeyanju also urged the EFCC to continue its work in recovering unpaid lottery proceeds, emphasizing that the NLTF’s ability to intervene in national development projects depends on the full compliance of industry stakeholders with their financial obligations to the government.
Olukoyede’s Call for Accountability
In response, EFCC Chairman Ola Olukoyede lauded Adeyanju’s dedication to transparency and accountability, noting his early focus on integrity despite being new in his position. Olukoyede advised Adeyanju to remain vigilant and thorough in managing the recovered funds.
“Don’t put your signature on what you are not sure of. Read every memo that comes to you and make sure that your people on the field monitor the execution of the projects that you are allocating money for,” Olukoyede cautioned. He underscored the importance of leaving behind a legacy of accountability, noting that everyone in public office would eventually be called to account for their actions.
The EFCC Chairman assured the NLTF delegation of continued support in debt recovery efforts, affirming that such collaboration is a statutory obligation of the Commission.
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