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Recovered Loots Intact – EFCC


The acting chairman, Economic and Financial Crimes Commission (EFCC) , Mr Ibrahim Magu, has revealed that billions of naira recovered from some corrupt public officers are intact with the federal government and will be put to use soon.

The anti-corruption boss, went further to state that there are plans already to use the recovered loot to build hospitals, schools, roads and railways, create employment and defend the country.

He said, “We have many corruption cases in court. We are getting them every day from everywhere and we are recovering stolen money and taking corrupt people to court.

“The money we have recovered and the money we are going to get back from them, billions and billions of naira are being paid back to government and will be used to do what it was originally meant for -to build hospitals, send our children to school, build roads and railways, create employment and defend our country.”

While reiterating his determination to continue with the fight against corruption, Magu noted that “apart from the fear of God, we have no other fear. Apart from the interest of Nigeria, we have no other interest. And apart from the rule of law, we have no other rule guiding the work we are doing today. The days of impunity are over.

“We have no other country than Nigeria. This war is the war of the people.”

He however, called on the Nigerian people to continue to support the commission in order to continue to support President Muhammadu Buhari’s war on corruption.

While there were reports that the EFCC operatives were said to be scrutinizing government accounts, to ascertain where some recovered funds were stashed, a source at the commission said within the 12 years of its operations, the commission has recorded more than 1,000 convictions and recovered assets in excess of over $11billion; even as the commission secured 134 cases in 2015 alone.

The source listed the recovered money to include the successful prosecution of Chief Emmanuel Nwude for fraud of $242million and return of the stolen money to Brazilian banks; successful prosecution of Mr Tafa Balogun, the former Inspector General of Police, and seizure of his assets worth more than $17billion; successful prosecution of Mr. Diepreye Alameyeseigha, former governor of Balyesa State and return of several billions of naira stolen by him back to the coffers of the Bayelsa State government; recovery of over $3billion depositors fund back to the coffers of some troubled banks during the CBN bank sanitisation exercise.

…How Lawyers, Journalists Frustrate fight against corruption

Meanwhile, the EFCC boss, Mr Ibrahim Magu, has stated that Senior Advocates of Nigeria, and some journalists collaborate with some indicted and corrupt persons to frustrate the fight against corruption.

The EFCC boss, who stated this when a coalition of Civil Society Groups, ‘Enough is Enough’ paid a solidarity visit to the EFCC headquarters, Abuja, noted that despite all the efforts put in to eradicate corruption in Nigeria, some people, who have benefitted from Nigeria are still bent on fighting back.

According to the EFCC chairman, “one of the big challenges we have in the effective prosecution of the war on corruption, is that of very senior lawyers who Nigeria has been very kind to: they went to good schools here, when Nigeria was good, many of them, on government scholarship; who Nigeria has given so much opportunity.

“When we have corruption cases, cases of people who have stolen food from the mouths of our children; when we have cases of people who have stolen money meant to build hospitals and buy drugs; when we have cases of people who have stolen all the money meant to buy guns for our soldiers to fight Boko Haram, when we have all these cases of wicked people who have stolen Nigeria’s money, they run to these same senior lawyers, give them part of the stolen money and mobilise them to fight us, to delay us in court and to deny Nigerians of justice.

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