TheNewsGuru

Tag: Recovered funds

  • EFCC recovers N134.3bn, $121m in 10 months – Bawa

    EFCC recovers N134.3bn, $121m in 10 months – Bawa

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    by

    Bayo Millz
    in

    The Economic and Financial Crimes Commission (EFCC) says it has recovered N134.3 billion and 121 million dollars, among others, from proceeds of crime between January and October 2022. The EFCC Chairman, Mr Abdulrasheed Bawa, disclosed this on Thursday in Abuja, while featuring in the 62nd session of State House briefing organised by the Presidential Communication Team.

  • What we do with recovered funds, ICPC chairman reveals

    What we do with recovered funds, ICPC chairman reveals

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    by

    Bayo Millz
    in ,

    ICPC does not spend recovered funds, but pays them into Federal Government’s coffers, it chairman, Prof. Bolaji Owasanoye, has said. Owasanoye told the Senate Committee on Finance investigating activities of revenue generating agencies of the Federal Government that ICPC had no retention powers over funds or assets recovered from corrupt people. ICPC spokesperson, Mrs Azuka…

  • Fresh troubles for Magu as new facts on re-looting of recovered funds emerge

    Fresh troubles for Magu as new facts on re-looting of recovered funds emerge

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    by

    Olaotan Falade
    in ,

    The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as well as bribery. The News Agency of Nigeria (NAN) reports that Magu is currently being interrogated by a presidential probe panel headed by retired Justice…