N17bn Found In 4 months, 62 Convictions Made – Magu

By Victor Ernest

The Economic and Financial Crimes Commission (EFCC) says it has recovered over N17 billion within the past four months.

Acting chairman of the commission Ibrahim Magu summed up the agency’s recoveries when he spoke at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day on Saturday at the FCT Archive Building, Abuja.

”Apart from several other recoveries running into several billions of naira, the recent whistleblower policy has led to the recovery by EFCC of N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00,” the EFCC boss said.

The anti-graft body’s chief also disclosed to the gathering that the commission recorded 62 convictions in the first quarter of 2017.