The Economic and Financial Crimes Commission (EFCC), has recovered a whopping sum of $60 million from Nestoil Limited and transferred same to a consortium of its lenders The recovery was led by the EFCC chairman, Mr. Olanipekun Olukoyede At a meeting convened and chaired by the EFCC Chairman, a structured repayment plan was agreed between Nestoil Limited and the consortium of lenders as part of efforts to recover outstanding indebtedness. The agreement has already yielded significant results, with US$60 million recovered from Nestoil Limited and paid to the consortium during…
Read MoreEFCC RECOVERS USD 60M FROM NESTOIL, TRANSFERS MONEY TO CREDITOR BANKS
