Over $3.1 billion recovered from looters: Magu

Over $3.1 billion recovered from looters: Magu

Monday, May 16, 2016 12:30 pm


Magu:  hints on amount recovered from looters

Magu: hints on amount recovered from looters

The acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu said over $3.1 billion has been recovered from the treasury looters in Nigeria.

Speaking on BBC Hausa service in London, Magu refused to disclose the actual amount but confirmed that the recovered money was above $3.1 billion, adding that the commission had never recovered such an amount since it was established.

He said Nigerians would know the full amount by May 29, when all the details would be revealed by President Muhammadu Buhari..

“Because of what is going on, I can’t tell you the exact amount we have recovered so far. But we are still collecting the monies. I can’t tell you for now, but what we have recovered within this period alone, was never recorded since the establishment of the EFCC in 2003,” he said.

Magu revealed further that the anti-graft agency was working to establish evidence before inviting former president, Goodluck Jonathan and other accomplices in the arms purchase scandal.

He assured that the EFCC would not skip anybody found culpable in the ongoing probe of arms purchase scandal or other misappropriation of public funds.

“Anybody that is involved in this scandal, we will invite him. It is only that we have to first establish our evidence. Anybody who is guilty, I swear, we will summon him wherever he is. And we have never invited anybody who is guilty. Anybody that we invited, we must have finished with our background study on him.

“We spend not just days for the background work but months until we establish the case before we issue invitation. That is why none of the people we invited has come out clean. Whoever stole public funds and we establish our evidence, I’m telling you we will invite him, without cover. That is how the work is. We compile dossiers of proofs and facts before we invite,” he said.

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