The Economic in addition to Financial Crimes Commission (EFCC) has disclosed that the amount of over N430 billion inwards dissimilar currencies was recovered yesteryear the way from Jan through August this yr from those who looted the treasury.
Acting Chairman of the anti-corruption agency, Ibrahim Magu gave the details of the monies recovered inwards his Public Lecture delivered at the 20th Anniversary celebrations of the Finance Correspondents Association of Nigeria(FICAN) held at Top Rank Hotel Milky Way inwards Abuja.
Mr. Magu who was represented at the occasion yesteryear the Head of Public Interface of the EFCC, Mr. Tony Orilade said betwixt Jan in addition to August 30, 2017, the EFCC recovered N409,270,706,686.75; $69,501,156.67; 231,118.69 Pounds; 610,816.20 Euros; Dirham 443,400.00 in addition to 70,500.00 Saudi Riyal, inwards add-on to a full of 137 convictions inside the menses nether review.
He said the monies were illegally siphoned in addition to which, undoubtedly would bring gone a long way to amend the living weather condition of Nigerians, adding that the recovered amount is kept inwards the Recovery Fund Account domiciled at the Central Bank of Nigeria.
“To position it bluntly, the unmarried major occupation militating against our national evolution is corruption, Most crimes against humanity are perpetrated using proceeds of corruption, monies obtained through illegal activities, illicit cash flows in addition to coin laundering”, he said.
He noted that corruption is no dubiety at the pump of why a media occupation solid volition owe its teeming staff members their salaries, despite their toil twenty-four hours in addition to nighttime to ensure that the publication does non immature adult woman the low-cal of day, adding that fifty-fifty corruption is too the argue why our roads bring run kicking the bucket traps, apart from the fact that our hospitals bring remained inwards lamentable states in addition to Nigeria has run a leading African solid set down “exporting” medical personnel to developed countries.
Earlier inwards his address at the occasion, the chairman of the Finance Correspondents Association of Nigeria(FICAN) Abuja, Mr. Simeon Ogoegbulem gave a brief history of FICAN in addition to how it was established inwards the instant quarter of 1997 next the companionship of belatedly Gen Sani Abacha to all ministries, departments in addition to agencies to relocate to Abuja.
He said that the companionship led to the relocation of all regulatory agencies inwards the finance sector of the economy, including the key Bank of Nigeria, Securities in addition to Exchange Commission, Nigeria Deposit Insurance Corporation in addition to the National Insurance Commission with others.
He soundless called for the back upwardly of partner organization to construct its befitting secretariat every bit it has been operating from the premises of the Central Bank of Nigeria inwards the concluding 20 years, adding that the back upwardly was imperative to accomplish the objective.
Highlights of the occasion was the accolade ceremony which saw 20 3 corporate in addition to private recipients carting away awards of dissimilar categories, including the Publisher of Economic Confidential in addition to PRNigeria, Alhaji Yushau Shuaib in addition to Isaac Okorafor, Acting Director of Corporate Communications of the CBN who were honored yesteryear FICAN with the “Life Time Achievement Award inwards the champaign of Corporate Communications”.
PrNigeria