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EFCC recovered N892.6bn, secured 703 convictions in 3 years, says Magu

The Economic and Financial Crimes Commission (EFCC) has secured a total of 703 convictions of corrupt persons and corporate entity and a recovery of a whopping N892, 691,752,094.07 billion in the last three years.

The Acting Chairman of the EFCC, Mr Ibrahim Magu, stated this in Abuja on Monday during a press briefing to mark his three years in office since he assumed office in 2015.

He said : “In the three years that I have been in-charge of EFCC, we have secured 703 convictions” and the breakdown is as follows: “103 convictions in 2015, 194 convictions in 2016; 189 in 2017 and 217 from January 2018 till date.”

Magu said the agency has also set an enviable record in the past three years on recovery of funds “to the envy of virtually all law enforcement agencies in Africa.”

According to him, “it is on record that about 90% of all recoveries in Nigeria is through the EFCC.”

The recoveries, which were made possible through interim and final forfeiture orders of courts under Magu’s watch from November 2015 to date are as follows:

“Over N794 billion (Seven Hundred and Ninety Four Billion) recovered. Over $261 million (Two Hundred and Sixty One Million) has been recovered.”

“The Pounds Sterling recovered stands at 1, 115, 930.47 Pounds (One Million, One Hundred and Fifteen Thousand, Nine Hundred and Thirty Pounds Forty Seven Pence).

“The Euros recovered in the period stood at 8, 168, 871. 13 Euros (Eight Million, One Hundred and Sixty Eight Thousand, Eight Hundred and Seventy One Euros, Thirteen Euro Cents).

“There is also the sum of 86, 500 CFA (Eighty Six Thousand Five Hundred CFA Franc),” according to him.

Besises, hundreds of properties such as filling stations, petroleum products, land, jewellery, automobiles, real estate, vessels, hospitals, company shares and heavy machinery and broadcast equipment have also been seized from corrupt elements between 2015 and 2018.

He said that from 2015 to 2018, a total of 407 mansions were seized, while 126 have been forfeited finally and 281 are under interim forfeiture.

Magu also disclosed that nine filling stations were seized and placed under interim forfeiture.

Lands seized sums up to 98 of which 56 are under interim forfeiture, while 42 have been forfeited finally to the Federal Government.

He said , “ Two hundred and fifty nine (259) automobiles have been seized, 35 are under interim forfeiture while 224 have been forfeited finally.

A hospital, St. Solomon Health Care Centre located at No. 24, Adeniyi Jones Street, Ikeja, Lagos, has also been forfeited finally. In 2016, 1500 metric tonnes of AGO and 3,035 Metric tonnes of LPFO were forfeited finally.

Also, Base Transceiver Station (BTS) equipments in 36 sites across five Eastern States were forfeited finally on orders of court.

A host of other machinery/equipments have been seized on interim basis, while the commission has obtained final forfeiture orders in respect of others. Jewellery worth millions of naira have been seized and are under interim forfeiture.

Magu said that the commission have surmounted one of the most daunting challenges, office accommodation with commissioning of the new Head Office Complex of the Commission.

According to him, the commission had in the last three years, vigorously pursued the expansion of its operational offices and created four offices to bring its operations closer to the people.

“The new zonal offices are located in Ibadan, Oyo State; Kaduna, Kaduna State; Benin, Edo State and Uyo in Akwa Ibom State,” he added.

He said that in order to intensify the fight against corruption, efforts are being made to secure land for permanent Zonal offices, with varying degrees of positive results.

Magu further disclosed that, “So far, the Executive Governors of Edo, Gombe and Kaduna states have released large expanses of land for the EFCC offices in these states. We are at the verge of commissioning two additional offices in Sokoto and Makurdi”.

He also said that recently, the Nasarawa State government magnanimously gave the commission 50 hectares of land for the construction of the EFCC’s Training Institute/Academy.

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