Thursday, 6 November 2014

EFCC recovers $11billion stolen funds in 11 years

EFCC
Since the Economic and Financial Crimes Commission,  EFCC came into existence in 2003, a total of 11 billion dollars has been recovered.

This was disclosed by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren yesterday. He also said that the commission handled many cases involving advanced fee fraud (419), money laundering, contract scam, internet fraud and has recorded over 100 convictions.

The EFCC Spokesman said; 
“As most of you are aware, the commission has the statutory responsibility for the investigation of all economic and financial crime. In the last eleven years we have been in operation, we have handled thousands of cases in these areas and I want to report that we have recorded over 100 convictions  as a result of our investigations. In terms of assets recovery, we have recovered assets of well over $11bn in 11 years and I think that is a record.”
Mr Uwujaren said the EFCC had also created a new unit known as Combined Inter Agency Task Force section which will be responsible for  harnessing the potentials of international law enforcement partnership for the benefit of the commission and the nation at large.

He stated that the EFCC’s relationship with international law enforcement organisations and development partners trust the commission’s activities and this has resulted in a boost.

The EFCC Spokesman mentioned that the commission had not dropped the case against the impeached Governor of Adamawa State, Murtala Nyako; that investigation is still ongoing.

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