EFCC Traces N1bn Property to Former Bayelsa Governor

Two choice property said to belong to the former Bayelsa State Governor, Timipre Sylva, have been uncovered by the Economic and Financial Crimes Commission, EFCC, which is currently in court with the suspect over a case of corrupt enrichment while in office.

A competent source in the commission told Saturday Vanguard last night that the property which worth over N1 billion were traced to companies owned by Sylva.

The source said that the property, which are located in choice areas of Abuja, were discovered in the ongoing investigation into how Sylva looted Bayelsa during his tenure as the governor of the state.

The source added that the anti- graft agency had also uncovered a network of fronts through which the former governor acquired choice property in major cities especially Abuja, the Federal Capital Territory.

Source: VANGUARD