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Wednesday , 13 December 2017

EFCC recovered N17bn in 4 months – Magu

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has said the anti-graft agency recovered a total sum of seventeen billion naira in the last four months.

Magu made the disclosure while speaking at the 2017 Association of National Accountants of Nigeria, ANAN Week/Award Day, which held on April 22, 2017, at the FCT Archive Building, Abuja.

Giving a breakdown of the recoveries, the acting EFCC chair said the commission had recovered N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.

Magu, who lauded the import of the federal government’s whistleblowing policy, revealed that the EFCC recorded 62 convictions in the first quarter of the year.

“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,” he said.

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