Magu
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has disclosed that his commission recovered over N17billion in the last four months. Mr. Magu made this known while speaking at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day on Saturday at the FCT Archive Building, Abuja.
He stated that the anti-graft agency recovered N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.
The EFCC Chairman Magu also revealed that the commission recorded 62 convictions in the first quarter of the year. Interestingly most of them are petty fraudsters, while the looters of Nigeria’s commonwealth walk about freely as VIPs.
In any case, Magi stated that apart from several other recoveries running into several billions of naira, the recent whistleblower policy has led to the recovery by EFCC of N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.
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