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.

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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.

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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