Home News EFCC has recovered N17b in 4 months – Agency’s boss says
EFCC has recovered N17b in 4 months – Agency’s boss says

EFCC has recovered N17b in 4 months – Agency’s boss says

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The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has revealed that the anti-graft agency has recovered the sum of N17b in four months.

According to Daily Post, the EFCC boss also said that the agency has convicted 62 individuals in the first quarter of 2017.

Magu 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.”

He made the revelation while speaking at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day on Saturday, April 22, 2017, in Abuja.

Magu’s confirmation was rejected by the Senate, over allegations of corruption levelled against him by the Department of State Services (DSS).

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