Timeline And Amount Of Recoveries By EFCC Since October 2016

One of the most controversial agencies during the present Buhari administration is the Economic and Financial Crimes Commission (EFCC).

From the outset of the administration, it was obvious that the President was relying heavily on the agency to carry out his anti-corruption war. Since then, the EFCC has been more active than ever before, claiming to make several recoveries.

While many have lauded the actions of the EFCC as sanitizing a corrupt polity, others claim that the agency has just been used by the Federal Government (FG) to target political enemies and deal with them. One of the most resounding arguments of critics of the EFCC remains their inability to produce a coherent and accurate record of the so-called loot they claim to be recovering.

The Acting Chairman, Ibrahim Magu, who has been denied confirmation as the substantial Chairman twice by the Senate, himself could not produce neither an accurate figure nor an estimate during his appearance before the legislators. SBM Intel has compiled a timeline of recoveries and the amounts EFCC claimed to recover between October 2015 and April 21, 2017 below.

October 4, 2015

  • N1,200,000 from former Minster of Petroleum, Diezani Madueke

February 6, 2016

  • N25,000,000 from Abba Dabo, former political adviser to ex-Vice president, Namadi Sambo

February 21, 2016

  • N381,000,000 from Mrs. Omolara Amosu, wife of former Chief of Air Staff
  • $1,000,000 from former Chief of Air staff, Air Marshal Alex Badeh

May 24, 2016

  • N10,000,000 from Alhaji Ahmed Dandija

May 24, 2016

  • N2,000,000 from Nuhu Poloma

May 25, 2016

  • N5,000,000 from Bunu Mulima

June 6,2016

  • N10,061,172,600 from National Broadcasting Commission
  • N2,300,000,000 from ex-Chief of Air Staff
  • N900,000,000 from an ex-presidential aide
  • N750,000,000 from a businessman
  • N420,000,000 from an ex-Chief of Staff and others
  • N140,000,000 from an ex-Minister
  • N100,000,000 from an ex-military adiministrator
  • N359,000,000 from Oyo and Ogun INEC
  • N2,000,000 from a former Minister
  • N580,000,000 from a former Minister
  • $1,000,000 from an ex-governor of Delta state
  • N1,000,000 from a former State speaker
  • N2,500,000,000 from an account belonging to an housemaid of former Aviation Minister, Stella Oduah
  • £2,000,000 from a former state speaker

September 2, 2016

  • N78,000,000,000 from unknown persons in Abuja
  • $3,000,000 from unknown persons in Abuja

September 4, 2016

  • N10,000,000 from Jumoke Akinjide

November 3, 2016

  • N100,000,000 from Musiliu Obanikoro

November 17, 2016

  • N400,000,000 from Olisa Metuh

November 26, 2016

  • N6,500,000 from Vice-Chancellor FUNAAB, Olusola Oyewole

November 30, 2016

  • N30,000,000 from Musiliu Obanikoro

December 3, 2016

  • N1,400,000,000 from Abdullahi Dikko

December 18, 2016

  • N1,150,000,000 from unspecified persons in Kano State

January 6, 2017

  • N34,000,000,000 from former Minster of Petroleum, Diezani Madueke

January 13, 2017

  • N100,000,000 from Jafaru Isa

February 3, 2017

  • $9,800,000 from Andrew Yakubu, former NNPC MD
  • £74,000 from Andrew Yakubu, former NNPC MD

February 7, 2017

  • N111,000,000 from 23 INEC officials in Rivers State

February 11, 2017

  • $37,500,000 from former Minster of Petroleum, Diezani Madueke

February 12, 2017

  • N8,000,000,000 from unknown persons in Lagos state
  • $151,000,000 from unknown persons in Lagos state

February 14, 2017

  • N84,000,000 from Air Commodore Gbadebo

March 13, 2017

  • N49,000,000 from unspecified persons at Kaduna Airport

April 9, 2017

  • N448,850,000 from unspecified persons at an empty shop in Lagos

April 11, 2017

  • N4,000,000,000 in a fixed deposit account domiciled in Guaranty Trust Bank

April 12, 2017

  • N23,218,000 in an apartment in Ikoyi, Lagos
  • $43,600,000 in an apartment in Ikoyi, Lagos
  • £27,800 in an apartment in Ikoyi, Lagos

A total of 41 recoveries were reported with the overall sum of recoveries standing at N169, 634,722,600, $260,900,000 and £2,101,800.


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