The Economic and Financial Crimes Commission (EFCC) explained how money recovered from public funds is being used to support important projects in Nigeria.
The EFCC revealed that about 50 billion naira recovered last year was given to the Nigeria Education Loan Fund (NELFUND).
This fund has helped more than 200,000 students by providing financial aid to support their schooling.
Besides education, the EFCC also shared that some of the recovered money is being used to create Credit Corporations.
These corporations aim to help civil servants get loans more easily with low interest rates, sometimes even single-digit rates.
This effort is meant to make borrowing money simpler and cheaper for government workers.
The EFCC’s leader shared this information through a video, giving more details about how recovered funds are helping improve education and support workers in the civil service with better access to loans.
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