Image: Ibrahim Magu, Acting Executive Chairman, EFCC
The Economic and Financial Crimes Commission, EFCC, has recovered the sum of $3.1 billion, which is over N600 billion.
The said recovery was made in less than six months.
The disclosure was made by the Chairman of the House of Representatives Standing Committee on Financial Crimes, Hon. Kayode Oladele has said.
The lawmaker, who spoke to select journalists in Abuja yesterday, also noted that the public need to understand that not all recovered property, cash or any other asset by the anti-graft agency are immediately forfeited to the government’s coffers as they remain exhibits until when a judicial pronouncement is made by the court.
Details later…