EFCC recovered more than N738bn from corrupt persons in 2016, 2017 ― Magu

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has sensationally revealed how the anti-graft agency recovered over N738 billion allegedly stolen by corrupt individuals who abused their positions in government.

The commission performed the feat between 2016 and last year, 2017.

He said the argument in some quarters that the arrest and prosecution of some corrupt Nigerians were prompted by the regions, religion and political affiliations was baseless and laughable, stressing that the EFCC only goes after persons who have acquired questionable wealth through fraudulent and corrupt acts either in public or private sector.

Magu, who made these disclosures while delivering the convocation lecture as part of the activities, commemorating founders’ day and 7th graduation ceremony of Fountain University, Osogbo, affirmed that “for the fight against corruption to succeed, more needs be done by way of not seeing the war against corruption as a Buhari/Osinbajo affair.”

The EFCC boss, who was represented by his Chief of Staff, Mr. Olanipekun Olukoyede, stated that “it is true that with the support and encouragement of the duo, the EFCC has in the last two years retrieved more than N738 billion naira that were illegally acquired by corrupt individuals using either their positions in government or access to those in government.”

According to him, “money has been found stashed in all manner of places by corrupt people. Hiding places have gone beyond the familiar ceilings and safes that we all know to include overhead water tanks, septic tanks, refrigerators and deep freezers.

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