Fresh reports say that the acting chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has said that the agency recovered over N17billion in just the last four months.
The anti-corruption chief said this on Saturday, April 22 at the FCT Archive Building, Abuja while he was delivering a speech at the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day.
According to Magu, the agency recovered N521,815,000.00, $53,272 747.00, £122,890.00, and €547,730.00.
These recoveries, he attributed to the federal government’s new whistle-blowing policy, which he said has worked well for the agency. He said: “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.”
Additionally, Magu revealed that the Commission recorded 62 convictions in the first quarter of the year.