…raises concerns over obstacles in repatriating stolen funds
Abuja – Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has decried the difficulties being experienced in the repatriation of stolen assets traced to foreign countries.
He appealed to the international law enforcement agencies to assist the agency in this regard.
A statement by the commission’s Acting Spokesman, Mr Tony Orilade, in Abuja on Friday quoted Magu to have expressed the concern when Mr Joe Abah, Country Director of DAI Nigeria, visited him in his office.
DAI is an international development firm implementing programmes covering governance, in more than 100 countries worldwide.
According to Magu, the process of repatriating monies stashed abroad has been very frustrating and disappointing.
“Yet, we have done everything possible, gone out of our way to encourage our sister agencies, but cooperation is almost nil.
“We have been investigating a number of cases for…
Source: Vanguard Newspaper