Lagos, Nigeria — The Economic and Financial Crimes Commission (EFCC) has returned ₦108 million recovered from a fleeing employee of a Lagos-based company to the firm’s management after concluding the recovery process.
CDA News Nigeria gathered from reports that the money was recovered following an investigation into the alleged diversion of company funds by the employee, who reportedly fled after the incident. The anti-graft agency said its investigation led to the successful recovery of the funds before they were handed back to the company.
The EFCC said the development underscores its commitment to combating economic and financial crimes while ensuring that victims of fraud are assisted in recovering stolen assets. The Commission also urged organisations to strengthen internal financial controls to prevent similar incidents.
“The recovered funds have been returned to the rightful owners following the conclusion of the recovery process. The Commission remains committed to safeguarding public and private assets through diligent investigation and enforcement,” the EFCC stated.
CDA News Nigeria reports that efforts are continuing to locate and apprehend the fleeing suspect. The Commission assured the public that investigations remain ongoing and that anyone found culpable will be prosecuted in accordance with the law.
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