EFCC recovered $9.72m, £750,000, N1.5bn in 14 days — Magu

The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, said, on Thursday, that it made a series of recoveries of looted funds from individuals in the last 14 days.
He told the House of Representatives Committee on Financial Crimes that in one case, $9.72m and £750,000 were recovered from the home of a single individual.

He also informed the committee that another N1.5bn was recovered. Magu did not name the individuals, but added that corruption was fighting back because he had stepped on powerful toes.
He said: “Just last week, we raided the house of an individual and recovered $9.72m and another £750,000. In fact, about two weeks ago, we recovered N1.5bn from one individual in Kaduna State. The person is a public servant,” he added.
He complained to the members that he had faced challenges on the job, a development he attributed to the fact that corruption was fighting back.
Magu stated, “One of our greatest challenges, of course, is that corruption is fighting back. The length of time it takes the courts to conclude cases remains a source of concern.”
Magu told the committee that the commission recovered assets worth N102.9bn; $8.296m; £29,155; 117,004 Canadian dollars; 806.50 dirhams; and 2,000 rupees in 2016. He added that commission secured 135 convictions.