TheCable

The Nigeria Police Force says it has recovered N8 billion and $470.5 million belonging to the Nigerian National Petroleum Corporation’s Brass Liquefied Natural Gas hidden in some commercial banks.

In a statement released on Thursday, Jimoh Moshood, the police spokesman, said the monies were not remitted to the treasury single account in violation of the directives of the federal government’s directives.

“On assumption of Office, the Inspector-General of Police, IGP Ibrahim K. Idris, NPM, mini created Special Units to handle high profile cases including Terrorism, Cyber and high-tech crimes, some of which includes the IGP Monitoring Unit, Special Investigation Panel (SIP) and Task Force on Anti-Pipeline Vandalism,” the statement read.

“As a result of these efforts, the Nigeria Police Force recovered the following monetary and non-monetary assets for the Federal Government.

“The sum of Four Hundred and Seventy Million, Five Hundred and Nineteen Thousand, Eight Hundred and Eighty-Nine US Dollars and Ten Cent ($470,519,889.10) belonging to NNPC BRASS/LNG INVESTMENT hidden in some commercial banks after the directives of the Federal Government on TSA.

“The sum of Eight Billion, Eight Hundred and Seven Million, Two Hundred and Sixty Four Thousand, Eight Hundred and Thirty-Four Naira, Ninety-Six Kobo (NGN8,807,264,834.96) monies belonging to NNPC BRASS/LNG INVESTMENT, that was not remitted to TSA Account of the Federal Government was also recovered.”

Ibrahim Idris, police IGP, was appointed in 2016 after the retirement of Sunday Arase.