Monday, May 23, 2022

Shocker! See What EFCC Recovered From Looters In 3years

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Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission, has said that the EFCC recovered N871bn in 3years from looters. He added by explaining that the anti-graft agency has also been able to recover 407 mansions. He claimed the commission has secured over 700 convictions in the last 3 years. Magu who made this statement in Abuja on Monday, November 12, while addressing journalists at an event organized to mark his third year in office added that the anti-graft commission, under his watch, has been able to recover about 407 mansions owned by looters. He corroborated this assertion by expanding further when he said that: “In the three years that I have been in charge of EFCC, we have secured 703 convictions. The breakdown is as follows: 103 convictions in 2015, 194 convictions in 2016; 189 in 2017 and 217 from January 2018 to date. Over N794billion recovered. Over $261 million has been recovered. The Pounds Sterling recovered stands at 1, 115, 930.47 Pounds. The Euros recovered in the period is 8,168, 871. 13 Euros. There is also the sum of 86,500 CFA “Hundreds of properties such as filling stations, petroleum products, land, jewellery, automobiles, real estate, vessels, hospitals, company shares and heavy machinery and broadcast equipment have been seized from corrupt elements between 2015 and 2018.” He also claimed that in the last three years, nine filling stations were seized and placed under interim forfeiture. He said: “From 2015 to 2018, 407 mansions were seized, 126 have been forfeited finally and 281 are under interim forfeiture. Nine filling stations were seized and placed under interim forfeiture. “Plots of land seized sums up to 98 of which 56 are under interim forfeiture, while 42 have been forfeited finally to the Federal Government. “Two hundred and fifty nine automobiles have been seized, 35 are under interim forfeiture while 224 have been forfeited finally. “A hospital, St. Solomon Health Care Centre located at No. 24, Adeniyi Jones Street, Ikeja, Lagos, has also been forfeited finally. In 2016, 1500 metric tonnes of AGO and 3,035 Metric tonnes of LPFO were forfeited finally.” Photo Credit: Getty

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