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EFCC Recovers N738.9bn Loot In 2 Years

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The Economic and Financial Crimes Commission (EFCC), revealed through its Acting Chairman, Mr. Ibrahim Magu, that the commission has recovered loots totalling N738.9 billion or $2.9 billion between May, 2015 and Oct. 20, 2017.

Magu  made this known at the ongoing 7th Session of the Conference of the States Parties to the United Nations Convention Against Corruption holding in Vienna.

In a presentation titled: “International Cooperation in Relation to Tecnical Assistance: The Nigerian Experience”, Magu said the sum was exclusive of smaller currencies in Durham, CRA and British Pound.

Spokesman of the commission, Mr. Wilson Uwujaren, gave account of Magu’s engagement in a statement in Abuja on Wednesday.

“Within this year alone, the commission recovered stolen assets running into several millions of US Dollars and billions in naira.

“These include the sum of $43 million recovered from Deziani Allison-Madueke, Nigeria’s former Minister of Petroleum and N2 billion spread in seven accounts within three Nigerian banks laundered from the Federal Capital Territory Police Command Salary Accounts”, he said.

 

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