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Chai! EFCC Recovers Looted Funds In Foreign Currencies...The Amount Recovered Will Blow You Away

The Economic and Financial Crimes Commission has announced the amount of money it has recovered from different people in the cause of its fight against corruption.
The EFCC
 
Ibrahim Magu, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), on Thursday said the commission recovered N102,913,791,217.54,  $8,296,313.99,  GBP 29,155,  £12,475, 117,004 Canadian Dollar, 806.50 Dirham, 5,000 Francs and 2,000 Rupee as proceeds of crime between January and December 2016.
 
According to The Nation, Magu, who appeared before the Hon. Kayode Oladele-led House Committee on Financial Crimes, also confirmed the recovery of $9.750 million and £750,000 from a residence in Kaduna recently, adding that N1.25 billion was recovered from a public servant a fortnight ago.
 
The EFCC chief was in the House of Representatives for 2016 budget appraisal and 2017 budget defence.
 
According to a document submitted by Magu to the committee, out of the 37 accounts frozen/forfeited, six banks are yet to provide relevant information on the amount accrued into the suspected accounts during the period under review.
 
The commission, according to him, secured 135 convictions last year.
 
He said 46 of the convictions were from Lagos zone, 30 from Abuja, 22 from Port Harcourt, 19 from Kano, 15 from Enugu, and three from Gombe.

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