20170423

Whistle-Blowers Have Helped Us Recover N17bn – EFCC

The Economic and Financial Crimes Commission,(EFCC) has recovered at least N17bn since the Federal Government introduced the whistle-blower policy on December 20, 2016.

Giving a breakdown of the recoveries, acting chairman, Ibrahim Magu, said,
EFCC had recovered N521,815,000, $53,272,747, £122,890, and €547,730. According to a statement by the EFCC spokesman, Mr. Wilson Uwujaren, Magu stated this at the 2017 Association of the National Accountants of Nigeria Week/Award Day, in Abuja on Saturday.

The EFCC boss said, “Apart from several other recoveries running into several billions of naira, the recent whistle-blower policy, has led to the recovery by EFCC of N521,815,000, $53,272,747, £122,890, and €547,730.”

He also revealed that the EFCC had recorded 62 convictions in the first quarter of the year.

Magu urged players in Nigeria’s financial sector, to ensure that they play an active role in the war against corruption by reporting any suspicious transactions to the agency.

17 comments:

  1. Hassan Aderemi23 April, 2017 11:59

    Good development but when will they inject the recovered loot to the federation account for the benefit of the nation? I read court has not granted them freedom to touch the recovered loot.

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  2. Magu , pls keep up with d fight against corruption

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  3. wow..welldone is all i can say vuz couple of years ago none of these we would have ever heard of

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  4. Good, so how much has gone to the pocket of the whistle blowers
    #Believe

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  5. The question now is where is the money recovered? Is the money stolen again after recovery? Why can't the money be injected into the economy and used for meaningful purpose? All these monies so far discovered can give us half day of electricity in this country with the worst corrupt politicians and leaders in history. China's death sentence for corrupt public office holders is the answer. May God help this country Nigeria

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  6. All this money is in Nigeria, yet government want to borrow to finance budget. It's well with Nigeria

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  7. Oladimeji Seun23 April, 2017 14:35

    True talk.

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  8. And how is this money being utilized,cus all we see are this big big amounts being recovered

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  9. What is the difference between recovered and stockpiled and not recovered atall?

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