Where corrupt Nigerians hide their loots – Magu

Acting Chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu, has revealed where corrupt Nigerians invest the proceeds of their loots.

Magu said corrupt Nigerians use the proceeds of their loots to purchase real estates in Dubai and the United Kingdom (UK).

Magu made the disclosure during the NIESV workshop as contained in a tweet on the agency’s Twitter handle on Friday.

The tweet reads: “Corrupt individuals are using proceeds of corruption to acquire real estate in Dubai, UK.” – Ibrahim Magu at NIESV workshop.”

Magu had claimed that more than N30 billion looted funds have been recovered since the commencement of the whistleblowing policy.

The EFCC Chairman stated this yesterday at the launch of the whistle-blower support project tagged, ‘Corruption Anonymous’ (CORA).


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