NGThe Economic and Financial Crimes Commission (EFCC) in Nigeria has recovered N140 million from a suspected loan scam involving Jacob Oyebola Esan and his affiliated companies. This amount was handed over to B4 Sail Limited, which claimed it was defrauded through a N500 million business loan deal. According to the EFCC, Esan used shares pledged as collateral to secure multiple loans, totaling N1.065 billion, but later sold these shares without informing B4 Sail Limited. This led to the outstanding loan balance rising to N2.25 billion. The EFCC stated that the shares were sold without the petitioner's knowledge, leading to the alleged default. The commission has previously recovered large sums, including N3.9 billion returned to NNPC Ltd in March and N125 million from a land fraud case in August.
Bias read (Center): The article presents the EFCC's actions in recovering funds from a financial scam without overtly favoring any political side. It provides details of the allegations, the process of recovery, and mentions previous recoveries without apparent bias toward either the accused or the commission. The tone
