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Thursday, 10 December 2015

EFCC’ll recover all stolen funds, prosecute culprits –Magu

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has vowed that the anti-graft agency will spare no effort to recover every kobo of public funds that have been stolen in the guise of arms procurement. Magu said that all the culprits in the arms procurement scandal would be brought to justice.

This is coming on the heels of the interrogation and detention of some highly placed individuals alleged to have benefited from the $2 billion meant for arms procurement, to prosecute the counterinsurgency and counterterrorism war in the North-East.

Apart from quizzing and detaining the National Security Adviser (NSA), Col. Sambo Dasuki (rtd), who was alleged to have largely misapplied the huge funds, other suspects that were held in connection with the arms scandal are: ex-Sokoto State governor, Alhaji Attahiru Bafarawa; Chariman, Daar Communications Plc., Chief Raymond Dokpesi, as well as former Minister of State for Finance, Ambassador Bashir Yuguda.

The Federal Government has slammed several charges bordering on money laundering against the accused persons. Speaking yesterday during the International Anti-Corruption Day in Abuja, Magu assured that the EFCC was on top of investigations into the $2 billion arms scandal.

“I am sure that many of you would have read in the papers stories about the commission’s ongoing investigation into the arms procurement scandal. I can assure you that the commission is on top of that investigation,” he said.

Magu, who said the commission had resolved to break the corruption chain in a fair, accountable and transparent manner, stated that the EFCC had, so far, investigated 1,881 cases in 2015 alone.

According to him, “Out of this figure, 280 cases were filed in courts and 78 convictions were secured. In this period also, eight interim and two final forfeiture orders were handed down by various courts on applications brought by the Commission.”

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