Magu: EFCC recovers N738b in two years

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The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, yesterday said the agency recovered over N738.9 billion (equivalent to over $2.9 billion) in two years.

He said the cash included $43 million recovered from a former Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke.

The figures are in a 10-page paper Magu delivered at the ongoing 7th Session of the Conference of the States Parties to the United Nations Convention Against Corruption holding in Vienna, Austria.

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The paper, titled “International Cooperation in Relation to Technical Assistance: The Nigerian Experience”, gave a detailed account of efforts by the Commission at tracing and recovering all stolen treasures from the country’s coffers.

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