EFCC recovered N738.9bn in 2 years, says Magu

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Ibrahim Magu, acting chairman of EFCC

The Economic and Financial Crimes Commission (EFCC) on Wednesday in Austria said it recovered loots totalling N738.9 billion or $2.9 billion between May, 2015 and October 20, 2017.

Its Acting Chairman, Mr Ibrahim Magu, stated this at the ongoing 7th Session of the Conference of the States Parties to the United Nations Convention Against Corruption holding in Vienna.

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

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

He stated that the commission had made a lot of recoveries locally using the mechanism of the non-conviction based forfeiture provided under Section 17…

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