Ibrahim Magu, acting
chairman, Economic and Financial Crimes Commission (EFCC), on Wednesday said
the agency recovered $43 million from Diezani Alison-Maduke, former minister of
petroleum.
Speaking
at the ongoing 7th session of the Conference of the States Parties to the
United Nations Convention Against Corruption holding in Vienna, Austria, Magu
said the commission had recovered $2.9 billion between May 2015 and
October 2017.
In
a presentation titled: ‘International Cooperation in Relation to Technical
Assistance: The Nigerian Experience’, Magu said the sum was exclusive of
smaller currencies in Durham, CRA and British Pound.
He
said the commission had made a lot of recoveries locally using the mechanism of
the non-conviction based forfeiture provided under Section 17 of the Advance
Fee Fraud and Other Fraud Related Offences Act, 2006.
“Within
this year alone, the commission recovered stolen assets running into several
millions of US Dollars and billions in naira,” he said.
“These
include the sum of $43 million recovered from Deziani Allison-Madueke,
Nigeria’s former Minister of Petroleum and N2 billion spread in seven accounts
within three Nigerian banks laundered from the Federal Capital Territory Police
Command Salary Accounts.”
Magu,
who was a panelist at the Implementation Review Group attended by over 100
delegates, detailed the Nigerian efforts in asset recovery.
He
said the country had also made progress in specific cases related to Abacha
loot, Malabu Oil, Diezani and associates, and the arms procurement scandal.
These
efforts, he said, cut across Switzerland, USA, UK, UAE, Jersey Island and
Panama.
In
his recommendations, the anti-graft czar sought improved coordination and
cooperation among state parties in asset recovery.
- The Cable
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