EFCC Flaunts Achievements in 3 Years, 703 Convictions, Recovers Over N100bn

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, said on Monday that the Commission has recovered N794bn, $261m, £1.1m and 407 mansions from suspected looters in the past three years.
He also said that the commission convicted no fewer than 703 corrupt persons and institutions within the period under review.
He said it was a new record in asset recovery and conviction of corrupt elements in the country in the last three years of his outing.
“In the three years that I have been in charge of EFCC, we have secured 703 convinctions. The breakdown is as follows: 103 convictions in 2015, 194 convictions in 2016; 189 in 2017 and 217 from January 2018 till date.
“In the past three years, we have set recovery records to the envy of virtually all law enforcement agencies in Africa.
“It is on record that about 90 per cent of all recoveries in Nigeria is through the EFCC.
“Following court orders which granted our prayers for interim and final forfeiture of looted funds, the recoveries under my watch between November 2015 and today are as follows: Over N794bn recovered. Over $261m 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. 126 mansions forfeited “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.”
The EFCC boss also revealed that the former Petroleum Minister, Diezani Alison-Madueke, was not being tried in the United Kingdom as speculated, explaining that no corruption case had been pressed against the former minister in the UK and that Nigeria was desirous of extraditing her to face trial at home.
“She is not currently being tried for anything in the UK. There is no prosecution of Diezani going on in the UK. We cannot wait indefinitely for the UK. That is why we want to initiate her extradition and trial in Nigeria,” Magu said.
On the OML 245 scam, otherwise known as Malabu Oil, Magu disclosed that in an effort to nail the perpetrators of the scam, some Italian prosecutors would be arriving Nigeria very soon to compare notes with the EFCC on the matter, adding that the high profiled suspects in the controversy fraud would face the law.
Magu said: “We are working assiduously to get Malabu trial to a conclusion. For this reason, Italian prosecutors are being awaited next week.”

Author: News Editor

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