Sunday, 23 April 2017

Whistle-Blowers Policy : EFCC Recovered N17bn



The federal Government agency, Economic and Financial Crimes Commission(EFCC) has recovered at least N17bn since the Federal Government introduced the whistle-blower policy on December 20, 2016.

Giving a breakdown of the recoveries, acting chairman, Ibrahim Magu, said,
EFCC had recovered N521,815,000, $53,272,747, £122,890, and €547,730. According to a statement by the EFCC spokesman, Mr. Wilson Uwujaren, Magu stated this at the 2017 Association of the National Accountants of Nigeria Week/Award Day, in Abuja on Saturday.

The EFCC boss said, “Apart from several other recoveries running into several billions of naira, the recent whistle-blower policy, has led to the recovery by EFCC of N521,815,000, $53,272,747, £122,890, and €547,730.”

The agency also revealed that it recorded 62 convictions in the first quarter of the year.

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