Detectives of the Economic and Financial Crimes Commission are seeking to unravel how $20 million was transferred into shell accounts and fronts belonging to former officials of Nigeria Ports Authority(NPA).
The anti-graft agency is tracing the money which is thought to be a bribe whilst also determining the operations of a firm that has been indicted by Switzerland over the bribe.
The firm in question was fined 1 million Swiss Francs by a Switzerland court and also ordered to pay 36 million Swiss Francs described as illegal gains.
“So far, we are looking into the accounts of 10 suspects and about five firms which were implicated in the deal.
“We have been able to discover that the indicted firm had been entrenched in the system in the last 10 to 12 years with some contract procedure waivers linked to it,”adding: “It is a big bribery scandal with international network. We will unravel all the perpetrators and beneficiaries.” said an unnamed source in EFCC as quoted by SaharaReporters.”
The EFCC strongly believes the Swiss government will cooperate with them as they have done in time past in recovering stolen loot. Noteworthy, is the $650 million Abacha loot returned by the Swiss government to Nigeria.