Police Recover $470m, N8bn NNPC Funds Hidden in Commercial Banks

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Jimoh Moshood

  • Retrieve two vessels, seven speed boats, 83 trucks, others

Alex Enumah in Abuja

The Nigerian Police Thursday said it had succeeded in recovering monies belonging to the NNPC Brass/LNG Investment, which were supposed to be deposited in the Treasury Single Accounts (TSA) of the federal government.

According to a statement by the police, the money include, “ $470,519,889.10 belonging to NNPC Brass LNG Investment hidden in some commercial banks after the directives of the federal government on TSA.

Also recovered by the police was the sum of N8,807,264,834.96 belonging to NNPC/Brass Investment that was not remitted to TSA Account of the federal government.

The police also recovered N114, 290,000 in relation to the December 10, 2016, National and State Assembly re-run elections in Rivers State, which was recovered from 23…



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