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From Sola Ojo, Abuja
The Economic and Financial Crimes Commission (EFCC) has returned the sum of N42.5 million to a 70-year-old widow and retiree, Mrs Margret Taye Odofin, who was defrauded by her account and investment officer, Mrs Kehinde Olawale Yusuf, a former staff of a new generation bank.
The recovered fund was presented to the victim on November 7, 2025, at the Kaduna Zonal Directorate of the Commission by the acting Director, Bawa Kaltungo, on behalf of the EFCC Executive Chairman, Mr Ola Olukoyede.
According to the EFCC spokesman, Dele Oyewale, Mrs Odofin had in December 2024 petitioned the Kaduna office of the Commission after discovering that Mrs Yusuf had diverted N47 million from her account.
The suspect reportedly lured the widow into investing in a Ponzi scheme with the promise of quarterly returns of N1.7 million.
Without her consent, large sums were transferred from her account into multiple others.
After the fraud was uncovered, Yusuf fled to the United Kingdom. However, the EFCC was able to trace and recover N42.5 million of the stolen funds despite her relocation abroad.
An emotional Mrs Odofin expressed deep gratitude to the Commission and its leadership for the recovery of her funds.
“I cannot believe this because when we reported this case in the United Kingdom, we were told to report it in Nigeria since the offence was committed here.
“Today, I am singing to the glory of God because He has used the EFCC to wipe away my tears.
“I thank Mr Ola Olukoyede for the excellent job he is doing. I will campaign for the EFCC anywhere because they have restored my faith,” she said.
Kaltungo, while presenting the recovered funds, reaffirmed the EFCC’s commitment to ensuring justice for victims of economic and financial crimes.
