The handover, which took place on Thursday, November 6, 2025 was done in the Kaduna Zonal Directorate of the Commission by its Acting director, Bawa Kaltungo on behalf of EFCC’s Executive Chairman, Ola Olukoyede.
The Economic and Financial Crimes Commission (EFCC) has returned a bank draft of ₦42,500,000 to Mrs. Margret Taye Odofin, a 70-year-old widow and retiree. The funds were recovered from her fraudulent account and an investment officer, Mrs. Kehinde Olawale Yusuf, who was employed at one of the new-generation banks.
The handover, which took place on Thursday, November 6, 2025 was done in the Kaduna Zonal Directorate of the Commission by its Acting director, Bawa Kaltungo on behalf of EFCC’s Executive Chairman, Ola Olukoyede.
The widower, in a petition to the Kaduna Zonal Directorate of the EFCC in December 2024, had alleged that Mrs. Yusuf, being her account and investment officer , had between November 2020 and December, 2020, lured her into investing in some ponzi businesses with a promise of a quarterly return on the investment of N1,700,000 (One Million, Seven Hundred Thousand Naira), but unknown to her, the banker’s motive was solely to defraud her as she later realised that the sum of N47 million had been creamed off her account and wired to various bank accounts without her permission.
Mrs Yusuf cut off communications with her and fled to the United Kingdom after she made enquiries from her on the transactions.
However, her flight out of the country could not deter the EFCC from tracing and recovering the stolen monetary assets.
An over-joyed Odofin was effusive with thanks and praises for the Commission and Olukoyede for the recovery.
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