[News] : What we do with recovered funds – EFCC

The Economic and Financial Crimes Commission, EFCC, says all looted funds recovered by it are paid into the consolidated revenue account of the Federal Government.

EFCC-Operatives

The commission made this known on its Twitter handle, @officialefcc in response to a question from one of its followers.

In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we sharing our recovered looted money’’.

“Recovered funds are paid into the consolidated revenue account of the Federal Government,’’ it tweeted in reply.

Some Nigerians have raised questions about where crime proceeds recovered by the commission are kept.

The EFCC also said there was no hiding place for looters, including those who travel abroad to evade the arm of the law.

“Our network of partners includes the FBI (Federal Bureau of Investigation) and other international law enforcement agencies.

“Perpetrators cannot hide forever. Send a petition,” it said in response to an enquiry by one Biyi Soremekun.

Using the handle @adebiyie200, Soremekun asked what would happen in a situation where an individual travels out of the country after perpetrating fraud.

“What happens in a situation where someone defrauds you through issuance of dud cheques or falsification of land documents and leaves the country before you realise it”?

The commission advised victims and members of the general public to forward their petitions through its offices nearest to them, adding that they could do so anonymously.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
Read More

China Opens ₦7.3trillion World’s Longest Sea Bridge Designed To Last 120 Years

Chinese President has officially opened the 55km world’s longest sea crossing bridge. The sixth longest bridge on earth took nine years to complete. The new bridge connects Hong Kong to Macau and the mainland Chinese city of Zhuhai. It will cut travelling time between Zhuhai and Hong Kong from about four hours to just 30 minutes. Built at the cost about $20bn (that is about ₦7.3trillion) and designed to last 120 years ,the mega structure is strong enough to withstand earthquakes and typhoons.
Read More