• Federal government opens register for recovered assets to prevent re-looting

    Federal government opens register for recovered assets to prevent re-looting

    According to reports, the Minister of Information and Culture, Alhaji Lai Mohammed, on Friday disclosed that the federal government has created a register for all recovered assets stolen by corrupt officials, explaining that the move was to prevent “re-looting” of what was being recovered.

    Speaking at a meeting with representative of the United Nations, UN Secretary-General for West Africa in Abuja, Mohammed Ibn Chambas, he said the register would be made public soon.

    Mohammed said, “Corruption is as dangerous as terrorism. For […]

  • What we do with recovered looted funds – EFCC

    What we do with recovered looted funds – EFCC

    It was gathered that 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.

    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 […]

  • Why recovered loot can’t be spent yet – FG reveals

    Why recovered loot can’t be spent yet – FG reveals

    According to reports, the Minister of Finance, Mrs Kemi Adeosun, has revealed that the federal government has, aside cash, recovered landed properties, high valued automobiles and jewelries from looters, pointing out that most of the monies recovered from treasury looters could not be used because they are bug down with litigations.

    Adeosun spoke yesterday at the National Assembly during an interactive meeting on the performance of the 2016 Budget with the Senate Committee on Appropriation.

    She explained that some of the buildings […]

  • Group faults EFCC’s request to retain recovered money

    Group faults EFCC’s request to retain recovered money

    The Citizens Advocacy for Social and Economic Rights (CASER) has faulted the Economic and Financial Crimes Commission (EFCC’s) recent request for powers to retain a percentage of money recovered by it.

    This is contained in a statement signed by the group’s Executive Director, Mr Frank Tietie, in Abuja on Wednesday.

    Tietie said that allowing anti-graft agencies in the country to directly benefit from recovered crime proceeds would “serve as a bad motivation for economic and financial law enforcement”.

    He argued that the request […]

  • Magu wants EFCC to keep percentage of recovered loots

    Magu wants EFCC to keep percentage of recovered loots

    According to reports, the Economic and Financial Crimes Commission (EFCC) has urged a review of Nigerian laws to enable anti-graft agencies in the country retain a percentage of the loot recovered to fund their operations.

    The Acting Chairman of the commission, Mr Ibrahim Magu, made the request at the national anti-corruption conference organised by the Presidential Advisory Committee against Corruption (PACAC) and the National Assembly in Abuja.

    The conference which began Tuesday will end Wednesday.

    Magu said the review will be in line […]

  • N2.7m bribe money recovered from Assistant Commissioner of Police

    N2.7m bribe money recovered from Assistant Commissioner of Police

    According to reports, the Nigeria Police Force Complaint Response Unit said it has recovered N2.7 million bribe money from an Assistant Commissioner of Police (name withheld) serving in one of the state commands.

    This was contained in the third quarter report of the CRU, signed by Acting Assistant Commissioner of Police, Abayomi Shogunle, the Head of the Unit, in Abuja.

    The report said the recovery followed a complaint made to the CRU through a telephone call.

    Shogunle said necessary disciplinary procedures were ongoing […]

  • Buhari directs EFCC to release N10b recovered fund to NBC

    Buhari directs EFCC to release N10b recovered fund to NBC

    President Muhammadu Buhari has directed the Economic and Financial Crime Commission (EFCC) to release the N10 billion recovered loot to the National Broadcasting Commission (NBC).

    The fund was part of the proceeds from the sales of spectrum made by the past administration which was diverted.

    NBC Director General, Mr. Ishaq Modibbo Kawu, revealed this Thursday while briefing Journalists in Abuja on the forthcoming International Conference for African Broadcasters (AFRICAST) which is expected to be attended by more than 700 people from the […]

  • Police parade Emefiele’s wife’s abductors, display N15m ransom recovered … See photos

    Police parade Emefiele’s wife’s abductors, display N15m ransom recovered … See photos

    The Police in Edo State on Monday paraded suspected kidnappers, who abducted the wife of Governor of the Central Bank of Nigeria, CBN, Margaret Emefiele.

    The police also displayed N15 million ransom recovered from the suspected kidnappers.

    Recall that Margaret was recently abducted by a group of heavily-armed gunmen along the Benin-Agbor

  • We recovered N270m, another judge hiding $2m – DSS

    We recovered N270m, another judge hiding $2m – DSS

    According to reports, the Department of State Services (DSS) says it recovered over N270m from the houses of the judges it raided late on Friday and in the early hours of Saturday.

    The agency said this on Saturday, while explaining the reason for its widely-criticised raid, during which over four judges were arrested.

    The DSS said N93,558,000.00; $530,087; £25,970; and €5,680 (a total of over N270m) were recovered from three of the judges affected in the raid, which the agency described as […]

  • Summary of money recovered from some Judges after DSS raid

    Summary of money recovered from some Judges after DSS raid

    SUMMARY OF MONEY RECOVERED FROM SOME JUSTICES

    ADENIYI F.A. ADEMOLA

    NAIRA——–N54million

    DOLLARS——$171, 779.00

    POUNDS—-£80.00

    RUPEES—- 1,010.00

    EURO—-€4,400.00

    NWALI SYLVESTER NGWUTA

    NAIRA——–N35, 208,000

    DOLLARS——$319,475

    POUNDS—-£25,890

    EURO—-€280

    UAE—-380

    GAMBIA DALAIS—-420

    ARGENTINE NOTES—4

    GHANA CEDIS—-20

    JOHN INYANG OKORO

    NAIRA——–N4, 350,000

    DOLLARS——$38, 833

    POUNDS—-£25,890

    EURO—-€1,000.00

    SUMMARY OF RECOVERED MONEY

    DOLLARS—$530,087

    POUNDS—-£25,970

    EURO—€5,680

    NAIRA—N93, 558, 000.00

    RUPEES—-1,010

    UAE—380

    GAMBIA DALLALIS—430

    ARGENTINE NOTES—-4

    GHANA

  • We’ve recovered over N1bn from South-South alone – EFCC

    We’ve recovered over N1bn from South-South alone – EFCC

    Over one billion naira proceeds of corruption has been recovered from individuals in the South-South region of the country between January and September 2016, with 24 convictions.

    This is according to the zonal head of the Economic and Financial Crimes Commission (EFCC), Mr Ishaq Saliu.

    He said this in Port Harcourt when some Niger Delta youths took a protest to the commission’s office over alleged lopsidedness in the anti-corruption campaign.

    According to them, the ongoing matter involving the former first lady, Patience Jonathan, […]