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EFCC fights crime, recovers $9.75m, N1.25bn

Acting Chairman of Economic and Financial Crimes Commission Ibrahim Magu has confirmed the recovery of 9.75 million dollars and 750,000 pounds from a residence in Kaduna state. He also confirmed that N1.25 billion was recovered from a public servant and said all the monies were recovered within two weeks.

Magu stated this in a report he presented to the House of Representatives Committee on Financial Crimes during the 2016 budget performance appraisal and defence of 2017 budget before the committee.He said the commission recovered N102.91 billion, 8.30 million dollars, GBP 29,155, 12,475 pounds, 117,004 Canadian dollars as proceeds of crime between January and December, 2016.

The document also revealed that the commission secured 135 convictions, out of which 46 were from Lagos zone, 30 from Abuja zone, 22 from Port Harcourt zone, 19 from Kano zone, 15 from Enugu zone and three from Gombe zone during the period. Magu acknowledged the support of the committee towards fast-tracking completing of EFCC headquarters in Abuja.

He disclosed that the Federal Ministry of Finance had listed the payment of N1.8 billion out of N2.9 billion meant for completion of the headquarters.

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