Ibrahim Magu, acting Chairman of Economic and Financial Crimes Commission (EFCC) confirmed the recovery of $9.750 million and £750,000 from a residence in Kaduna and N1.25 billion was recovered from a public servant a fortnight ago.
According to the document submitted by the Commission to the House of Representatives Committee on Financial Crimes, led by Rep. Kayode Oladele, the Commission recovered N102,913,791,217.54; $8,296,313.99; GBP 29,155; £12,475; 117,004 Canadian Dollar; 806.50 DIRHAM; 5,000 FRANCS and 2,000 RUPE as proceeds of crime between January and December 2016.
Out of the 37 accounts frozen/forfeited, six banks are yet to provide relevant information on the amount accrued into the suspected accounts within the period under review.
The records also revealed that the commission secured 135 convictions, out of which 46 were from Lagos zone, 30 from Abuja zone, 22 from Port Harcourt zone, 19 from Kano zone, 15 from Enugu zone and three from Gombe zone respectively.
Magu, acting EFCC Chairman who acknowledged the support of the committee towards fast-tracking completing of the EFCC headquarters, noted that the commission has resuscitated its offices in Kaduna, Ibadan, Edo and Maiduguri as part of efforts to boost its operations across the country.
Magu who's confirmation has been suspended by the Senate over security report, noted that "corruption is fighting back," hence solicited for the support of the House.
On recruitment, he explained that the Commission could only recruit 331 cadets on equal quota basis across the country except Lagos, Ekiti, Bayelsa and Rivers with lower number, noted that the commission has not released the result of the graduates recruited.
He noted that Federal Ministry of Finance has shortlisted the payment of N1.8 billion out of N2.9 billion for completion of the commission's headquarter office in Abuja.
Giving breakdown of the 2016 appropriated allocation, Magu disclosed that the total approved budget of N18,887,531,631 only N14,739,273,473.86 representing 78.04 percent.
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