EFCC recovers N6.5b


Records 80 convictions

The Economic and Financial Crimes Commission (EFCC) yesterday said it has charged 368 cases to court and recorded 80 convictions as at the end of August, 2013.

It also said it recovered N6, 583,108,350; $19,251,519; 20,520 Euros and 19,000 Pounds Sterling from those involved financial crimes.

The commission released the statistic in a statement by its Head of Media and Publicity, Mr. Wilson Uwujaren.

The statement said: “Within the same period, the Commission recorded the following recoveries: N6, 583,108,350; $19,251,519; 20,520 Euros and 19,000 Pounds Sterling.

“Beyond the recovery, EFCC intensified the prosecution of politically exposed persons, failed bank executives, captains of industries, beneficiaries of fraudulent oil subsidy payments and senior civil servants involved in pension fraud.

“A number of cases for which investigations have been concluded, would be charged to courts across the zones where the commission maintains offices as soon as the courts resume from recess.

“Meanwhile, the Commission deplores attempts by mischievous elements to distract it by imputing political motives to some of its investigations.

“The Commission will not be cowed by such insinuations which are clearly unfounded.

“Nigerians can be assured that only those who run foul of the law have reason to entertain fear of the EFCC.”

In an interview with EFCC Magazine, “Zero Tolerance,” EFCC chairman Ibrahim Lamorde, said the commission is at the mercy of the Judiciary.

He said: “The best we can do as an anti-corruption agency is to take cases to court; no matter how good the case is, once the matter is in court, you are at the mercy of the Judiciary.

“What we have in Nigeria is for a number of reasons; these cases have refused to move forward. Some people have blamed the judicial officers for the progress of some cases, others blame the judicial officers for the progress of some cases, others blame the defence counsel who deliberately frustrate cases.

“Some also put the blame on the judicial procedure that gives privileges to the accused persons and allows all manner of applications.”

He faulted those criticising the EFCC for not going after big fishes.

Lamorde added: “Who are the big fishes, I think people like drama. You don’t go after an individual because you want to make a name for yourself.

“You do things thoroughly and make sure the things you do stands the test of time. We have seen cases that were rushed to the court about two years ago and had to be reinvestigated because proper job was not done before it went to court.”

Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websits. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.

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