What we do with recovered looted funds – EFCC

It was gathered that the Economic and Financial Crimes Commission, EFCC, says all looted funds recovered by it are paid into the consolidated revenue account of the Federal Government.


The commission made this known on its Twitter handle, @officialefcc in response to a question from one of its followers.

[pro_ad_display_adzone id=”60438″]

In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we sharing our recovered looted money’’.

“Recovered funds are paid into the consolidated revenue account of the Federal Government,’’ it tweeted in reply.

Some Nigerians have raised questions about where crime proceeds recovered by the commission are kept.

The EFCC also said there was no hiding place for looters, including those who travel abroad to evade the arm of the law.

“Our network of partners includes the FBI (Federal Bureau of Investigation) and other international law enforcement agencies.

“Perpetrators cannot hide forever. Send a petition,” it said in response to an enquiry by one Biyi Soremekun.

Using the handle @adebiyie200, Soremekun asked what would happen in a situation where an individual travels out of the country after perpetrating fraud.

“What happens in a situation where someone defrauds you through issuance of dud cheques or falsification of land documents and leaves the country before you realise it”?

The commission advised victims and members of the general public to forward their petitions through its offices nearest to them, adding that they could do so anonymously.



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.