TSA breach: Police uncover $470.5m, N8.8bn in NNPC bank accounts

The Nigerian Police Force announced today that it was able to trace $470.5 million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in Nigeria.

Even more stunning, the police also said they traced another N8,807,264,834.96, belonging to the same project in the banks.

According to the police, the money was recovered in the banks after the President Muhammadu Buhari had issued a directive that all government money be domiciled in the Treasury Single Account(TSA).

The police which credited the recoveries to Special Units created by the IGP to handle high profile cases including Terrorism, Cyber and high-tech crimes, did not indicate the exact time of the recovery.

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