The South-East zonal head, Economic and Financial Crimes Commission (EFCC), Mr. Johnson Babalola, has revealed that the commission had so far recovered N244,574,587.20. He also said that the commission recovered of USD $955,465, 10,000 and ¥3588 (China Yuan) were also recovered.
Briefing Journalists in Enugu yesterday on the achievements of the commission, Babalola stated that the current fight against corruption, was given a renewed impetus under the leadership of the EFCC headed by Mr. Ibrahim Magu, which he said had yielded results.
He explained that the zone had successfully concluded some cases were monies were recovered out of which the sum of USD $130,750 has been forfeited and remitted in the coffers of the federal
Read Also:
Speaking further on number of cases under investigation, Babalola stated that the zone had received a total of 522, 36 of them had been concluded and charged to various courts in the South-East region for prosecution while 14 convictions had been secured.
“The zone is currently investigating some high profile cases that are of public interest in which billions of Naira are involved,” he said, adding that in one of the cases, the suspect collected N4 billion from the public on the pretext that certain percentage of the said sum would be paid to them monthly. The suspect, according to him is currently in detention.
“This figure is just from two of the over 20 accounts he operates. By the time we are able to burst into the other accounts we should be able to give the near accurate figure he has collected.
“It is suspected that a larger percentage of the funds he got from members of the public are stashed in an offshore account,” he added. Babalola said that the commission had received no fewer than 150 petitions against the suspect from members of the public he duped.
