EFCC Recovers N64.8 Million in Naphtha Fuel Scam, Refunds Edo Businessman

The Economic and Financial Crimes Commission (EFCC) has recovered N64.8 million linked to a naphtha fuel supply fraud and returned the money to an Edo State businessman who was duped in the deal.

The commission said the victim paid N65.7 million to a suspected fuel supplier for the delivery of 90,000 litres of naphtha, but the product was never supplied. After payment was made, the suspect reportedly became unreachable.

Investigations revealed that the funds were moved through multiple bank accounts, including accounts linked to close associates, while the main suspect allegedly fled the country.

Following a detailed financial trail, the EFCC was able to recover most of the stolen money and officially handed it back to the businessman.

The anti-graft agency used the case to caution members of the public to exercise due diligence in business transactions, especially large-scale fuel deals, to avoid falling victim to fraud.