NewzThe Economic and Financial Crimes Commission (EFCC) in Nigeria has successfully facilitated the recovery of $60 million as part of an ongoing debt investigation involving Nestoil. The funds were secured following a series of meetings mediated by the commission between the company and a consortium of lenders.
As a result of these negotiations, Nestoil and the involved financial institutions have established a structured debt repayment agreement. This development marks a significant step in the commission's intervention in the financial dispute, aiming to resolve outstanding liabilities through formal mediation.
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