$43M recovered from Diezani---Magu - LoyaltyUpdates

$43M recovered from Diezani---Magu

We have recovered $43m from Diezani – Magu
Acting Chairman of the Economic and Financial Crimes
Commission (EFCC), Ibrahim Magu on Wednesday said the
agency has recovered $2.9 billion between May 2015 and
October 2017.
While speaking at the ongoing 7th session of the
Conference of the States Parties to the United Nations
Convention Against Corruption holding in Vienna, Austria,
Magu said the commission had recovered $43 million from
former Minister of Petroleum, Diezani Alison-Madueke.
He said the sum does not include smaller amounts in
Durham, CRA and British Pound.
Magu added that the forfeiture order fraud act has helped
recovered a lot of loots.
He added that progress has been made in cases related to
Abacha loot, Malabu Oil, Diezani and associates, and the
arms procurement scandal.
“Within this year alone, the commission recovered stolen
assets running into several millions of US Dollars and
billions in naira,” he said.
“These include the sum of $43 million recovered from
Deziani Allison-Madueke, Nigeria’s former Minister of
Petroleum and N2 billion spread in seven accounts within
three Nigerian banks laundered from the Federal Capital
Territory Police Command Salary Accounts.”


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