EFCC, Olukoyede Reveals How Over N60b, $10m Loot Was Recovered In Less Than 4 Months

Date: 26-02-2024 1:43 pm (1 month ago) | Author: onuigbo felicia
- at 26-02-2024 01:43 PM (1 month ago)
Online (f)

Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), has said the Commission received over 5,000 fraud petitions and recovered N60 billion loot in less than 100 days after assuming office.

According to him, out of the 5,000 petitions, the EFCC had approved 3,000 for investigation.

He stated this at the weekend in Lagos as the guest lecturer at the 20th-anniversary lecture of the Human and Environmental Development Agenda Resources Centre.

The anti-graft agency boss explained that the EFCC also recovered ove $10 million, since he assumed office.

His words:
Quote
“When we set out to investigate, people see it as a fight between EFCC and the rest of us. It should not be so. How much will the EFCC do?

“How much will the ICPC do with its staff strength? I have less than 4,800 staff. I am talking of an agency that is serving people who are over 150 million.

“All we have to do is investigate and present the facts before the court. I will not be the one to give judgment. That is where we have collective responsibility. When you see something, you say something.

“The issue is we are working as if we are not working. Upon my assumption of office between then and now, I have received over 5,000 petitions. I am not talking of just the one we received, but the one that we have checked and we discovered that there was substance in it. That is just for one agency, the EFCC.

“As I am talking to you, I have approved the investigation of over 3,000 cases in less than four months, but what is our capacity? How many staff do we have? What resources do I have access to?

“In less than four months, we secured convictions of 700 and recovered over N60bn and over $10m.

“If I am able to recover over N60bn in less than 100 days, you can imagine how much has been stolen.

“I can tell you that for the billion that has been recovered, a trillion has been stolen.”

Posted: at 26-02-2024 01:43 PM (1 month ago) | Addicted Hero
- gogoman at 26-02-2024 01:50 PM (1 month ago)
(m)
of course, you guys always receive the looted money BUT what happens to it after?  Roll Eyes Roll Eyes Roll Eyes
Posted: at 26-02-2024 01:50 PM (1 month ago) | Grande Master
Reply
- kp45 at 26-02-2024 02:02 PM (1 month ago)
(m)
Where does the money go Huh?
Posted: at 26-02-2024 02:02 PM (1 month ago) | Addicted Hero
Reply
- nikiniki at 26-02-2024 02:58 PM (1 month ago)
(f)
where is the money?
Posted: at 26-02-2024 02:58 PM (1 month ago) | Gistmaniac
Reply
- fineboy77 at 26-02-2024 03:01 PM (1 month ago)
Online (m)
kkk

Posted: at 26-02-2024 03:01 PM (1 month ago) | Addicted Hero
Reply
- Holopid at 26-02-2024 03:33 PM (1 month ago)
(f)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 26-02-2024 03:33 PM (1 month ago) | Gistmaniac
Reply

fire TRENDING GISTS fire

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