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| EFCC recovers ₦42.5 million and returns it to 70-year-old widow defrauded by her bank’s investment officer in Lagos. |
Anti-graft agency recovers funds belonging to retired civil servant, Mrs. Margret Taye Odofin, from fraudulent bank employee.
By Wapcodehub9ja LIVE News Correspondent | Lagos, Nigeria | Saturday, November 8, 2025 | 7:31 AM (WAT)
The Economic and Financial Crimes Commission (EFCC) has handed over a bank draft of ₦42,500,000 (Forty-Two Million, Five Hundred Thousand Naira) to Mrs. Margret Taye Odofin, a 70-year-old widow and retired civil servant, following a successful recovery from a fraudulent bank officer.
According to the EFCC, the money was recovered from Mrs. Kehinde Olawale Yusuf, a former investment officer at one of Nigeria’s new generation banks, who was accused of diverting the widow’s pension and savings into personal accounts through false investment claims.
During the handover ceremony at the Lagos Zonal Command, EFCC officials stated that the case was a result of months of thorough investigation after Mrs. Odofin lodged a formal complaint. The commission said the recovery reinforces its commitment to protecting vulnerable citizens and pensioners from financial exploitation.
Mrs. Odofin, who received the bank draft in tears of joy, expressed deep gratitude to the EFCC for restoring her lost funds, describing the experience as “a miracle and a victory for justice.” She urged Nigerians to be cautious when dealing with financial advisers and to report suspicious activities immediately.
The EFCC reaffirmed that efforts are ongoing to ensure that Mrs. Yusuf faces full prosecution under the law and that similar cases of bank-related fraud are swiftly addressed to restore public confidence in Nigeria’s financial institutions.
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