Nigeria, July 25 -- The Economic and Financial Crimes Commission (EFCC) has handed over N24 million recovered during an investigation into an alleged conspiracy and fraudulent sale of shares to former senator, Alaba Obende.

Mr Obende represented Edo North Senatorial District during the 7th National Assembly between 2011 and 2015. The money was handed over to him by the commission's Lagos Zonal Directorate 2 on Thursday.

It was presented in three bank drafts issued by Access Bank, accorging to a press statement from the EFCC on Friday.

The EFCC said in the press statement posted to Facebook that the recovery followed a petition it received on 15 January 2020, alleging conspiracy and the fraudulent sale of shares by Coronation Securities...