{"id":79331,"date":"2023-01-04T17:23:32","date_gmt":"2023-01-04T16:23:32","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment"},"modified":"2023-01-04T19:14:32","modified_gmt":"2023-01-04T18:14:32","slug":"efcc-recovers-n13bn-illegal-fuel-subsidy-payment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment","title":{"rendered":"EFCC recovers N13bn illegal fuel subsidy payment"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017 and 2021.<\/p>\n<p>DAILY POST reports this in a document recently obtained from the Nigeria Financial Intelligence Unit, NFIU website on the National Inherent risk assessment of money laundering in the Nigerian extractive sector.<\/p>\n<p>\u201cThe Economic and Financial Crimes Commission, the agency responsible for the investigation and prosecution of corrupt subsidies in the oil and gas in Nigeria, recovered N12,998,963,178.29 as proceeds of illegal payment made within the subsidy regime between 2017 and 2021,\u201d the document stated.<\/p>\n<p>Fuel subsidy corruption has been an issue of concern in Nigeria. For instance, the World Bank said that increasing fuel subsidies put the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017 and 2021. DAILY POST reports this in a document recently obtained from the Nigeria Financial Intelligence Unit, NFIU website on the National Inherent risk assessment of money laundering in the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":79329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,68,565,254],"class_list":["post-79331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-efcc","tag-fuel-subsidy","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFCC recovers N13bn illegal fuel subsidy payment - Nigeria<\/title>\n<meta name=\"description\" content=\"The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFCC recovers N13bn illegal fuel subsidy payment\" \/>\n<meta property=\"og:description\" content=\"The Economic and Financial Crimes Commission, EFCC, recovered approximately N13bn as proceeds from illegal payments made ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-04T16:23:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-04T18:14:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1672840418.54.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EFCC recovers N13bn illegal fuel subsidy payment\",\"datePublished\":\"2023-01-04T16:23:32+00:00\",\"dateModified\":\"2023-01-04T18:14:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\"},\"wordCount\":157,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/01\/postQueueImg_1672840418.54.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"EFCC\",\"fuel subsidy\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/efcc-recovers-n13bn-illegal-fuel-subsidy-payment\",\"name\":\"EFCC recovers N13bn illegal fuel subsidy payment - 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