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EFCC has Recovered Over N794bn in 3Years- EFCC Chairman

EFCC has Recovered Over N794bn in 3Years- EFCC Chairman

The Chairman of the Economic and Financial Crimes Commission(), has disclosed that the commission has recovered over N794 billion from looters alongside other items.

He made this statement in Abuja on Monday, November 12, as he addressed journalists at an event organised to mark his third year in office.

Magu had also told journalists that Bola Tinubu’s wealth can only be probed if a formal petition with evidence is brought to the EFCC.

The chairman added highlighted feats his administration had been able to achieve, including the seizure of about 40 mansions owned by looters.

“In the three years that I have been in charge of EFCC, we have secured 703 convictions. The breakdown is as follows: 103 convictions in 2015, 194 convictions in 2016; 189 in 2017 and 217 from January 2018 till date.

“Over N794billion recovered. Over $261 million has been recovered. The Pounds Sterling recovered stands at 1, 115, 930.47 Pounds. The Euros recovered in the period is: 8,168, 871. 13 Euros. There is also the sum of 86,500 CFA.

“Hundreds of properties such as filling stations, petroleum products, land, jewelry, automobiles, real estate, vessels, hospitals, company shares and heavy machinery and broadcast equipment have been seized from corrupt elements between 2015 and 2018,” he said.

The EFCC chairman also claimed that in the last three years, nine filling stations were seized and placed under interim forfeiture.

“From 2015 to 2018, 407 mansions were seized, 126 have been forfeited finally and 281 are under interim forfeiture. Nine filling stations were seized and placed under interim forfeiture.

“Plots of land seized sums up to 98 of which 56 are under interim forfeiture, while 42 have been forfeited finally to the Federal Government.

“Two hundred and fifty nine automobiles have been seized, 35 are under interim forfeiture while 224 have been forfeited finally.

“A hospital, St. Solomon Health Care Centre located at No. 24, Adeniyi Jones Street, Ikeja, Lagos, has also been forfeited finally.

“In 2016, 1500 metric tonnes of AGO and 3,035 Metric tonnes of LPFO were forfeited finally,” Magu added.

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