Whistle-Blowers Have Helped Us Recover N17bn – EFCC

The Economic and Financial Crimes Commission,
(EFCC) has recovered at least N17bn since the
Federal Government introduced the whistle-
blower policy on December 20, 2016.
Giving a breakdown of the recoveries, acting
chairman, Ibrahim Magu, said,
EFCC had recovered N521,815,000, $53,272,747,
£122,890, and €547,730. According to a
statement by the EFCC spokesman, Mr. Wilson
Uwujaren, Magu stated this at the 2017
Association of the National Accountants of
Nigeria Week/Award Day, in Abuja on Saturday.
The EFCC boss said, “Apart from several other
recoveries running into several billions of naira,
the recent whistle-blower policy, has led to the
recovery by EFCC of N521,815,000, $53,272,747,
£122,890, and €547,730.”
He also revealed that the EFCC had recorded 62
convictions in the first quarter of the year.
Magu urged players in Nigeria’s financial sector,
to ensure that they play an active role in the war
against corruption by reporting any suspicious
transactions to the agency.

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