Remarkable progress


The Economic and Financial Crimes Commission (EFCC) recovered about N511.9 billion in 2017. This disclosure was made by the commission’s chairman, Ibrahim Magu,  at the defence of his agency’s budget before the House of Representatives’ Financial Crimes Committee. The recovery included N473bn, $98.2m, 294,851 thousand pounds sterling. Apart from the loot retrieved in 2017, the disclosed recoupment for 2015 and 2016 was N738.9 billion ($2.9 billion).

Undoubtedly, recovery of N500billion of stolen money from government purse in one year is a big task that should be commended,…

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