Magu reveals HUGE details of EFCC’s cash recoveries in the last 4 months
- Magu says the Commission recorded 62 convictions in the first three months of the year
- The anti-corruption boss said the whistle-blower policy of the federal government alone led to the recoveries of N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00
- The Commission also made a solemn vow to Nigerians on the anti-corruption war
Fresh reports say that the acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has said that the agency recovered over N17billion in just the last four months.
The anti-corruption chief said this on Saturday, April 22 at the FCT Archive Building, Abuja while he was delivering a speech at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day.
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According to Magu, the agency recovered N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.
Magu says the federal government's whistle-blower policy has been of great help to the work of the agency
These recoveries, he attributed to the federal government's new whistle-blowing policy, which he said has worked well for the agency.
He said: “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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Additionally, Magu revealed that the Commission recorded 62 convictions in the first quarter of the year.
NAIJ.com recalls that Magu was interrogated by the Presidential Investigative Committee led by Vice President Yemi Osinbajo just a day earlier on Friday, April 21, where he had to provide justification for the around N13billion seized from Apartment 7B at the Osbourne Towers in Ikoyi area of Lagos state.
Magu was directed to continue investigations into the matter by the committee that also include attorney-general of the federation Abubakar Malami and national security adviser Alhaji Monguno.
Later that day, the Commission also made a massive pledge to Nigerians that it would not disappoint the populace who are expecting a lot from the anti-corruption agency.
Watch this NAIJ.com TV video of former NNPC group managing director Andrew Yakubu being arraigned in court by the EFCC over corruption allegations