Anti-Graft War: EFCC Recovers N794bn In 3 Years, Says Magu

The Economic and Financial Crimes Commission (EFCC) has announced that it has recovered N794 billion from looters of the nation’s treasury.

Also, the anti-graft agency said over $261 million,  8.1 millions euros and 1.1 million Pound Sterling had been  recovered from corrupt Nigerians.

Chairman of the EFCC, Ibrahim Magu,  disclosed this, on Wednesday,  when he spoke  at a corruption symposium organised by the Rivers Unity House, in Port Harcourt,  Rivers State.

Magu, who was represented by the  Commission’s Head of Operations, Usman Muktar,  informed that the anti-graft czar had secured 703 conviction.

According to him, the feat was recorded between 2015 till date  when the President Muhammadu Buhari-led government came on board.

Magu said, “It is on record that about 90 percent of all the recovery in Nigeria is through the EFCC.

“Between November 2015 till date, we have recovered over N794 billion; we have recovered over 261 million dollars.

“The pounds sterling recovered stand 1,115, 930 million. Euros recovered within the period under review is 8,168,871.13?.

He added that hundreds of property such as filing stations, petroleum products, landed property, jewelries,  automobiles, and  many others,  have been recovered from corrupt Nigerians.

Speaking further, he said, “The EFCC added that 407 mansions were also seized by the Commission and 126 were forfeited finally to the Federal Government, while 281 are under forfeiture.

“We have been able to secure conviction between 2015 and 2018. We have been able to secure 703 convictions.

“The breakdown is as follows: in 2015, we have 103 convictions; in 2016, we have 194 convictions; in 2017, 189 convictions.”

SUN

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