fbpx
[ MAIN ]LEGALNEWS

EFCC Recoups N1.4trillion, Secures 400 Convictions – Lamorde

Mr. Ibrahim Lamorde, Chairman of the Economic and Financial Crimes Commission, yesterday said the agency has recouped over $9billion (N1.4trillion) and secured more than 400 convictions.

The EFCC boss also said the commission was able to get Nigeria off the list of non-cooperative countries by the Financial Action Task Force (FATF).

The Anti-graft agency boss who spoke in Abuja, while receiving members of the Africa, Caribbean and Pacific/European Union (ACP-EU) parliament, said the Commission received about $24.7 million as support from the European Union.

The disclosure gave hints about the recovery by the commission since its inception in 2003 following the demand of the House of Representatives Committee on Financial Crimes, Drugs and Narcotics which had demanded the whereabouts of the funds recovered by the EFCC.

A statement by the EFCC’s Head of Media and Publicity, Mr. Wilson Uwujaren said: “Lamorde listed the achievement of the Commission to include the recovery of over $9 billion, secured over 400 convictions as well as getting Nigeria de-listed from the infamous list of non-cooperative countries by the Financial Action Task Force(FATF).”

SOURCE

 

About Author

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.