Recovered Loots Only A Tip Of The Iceberg – Magu

Recovered Loots Only A Tip Of The Iceberg – Magu

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu says all looted funds and assets from Nigeria recovered so far by the agency are only a tip of the iceberg.

According to him, there is much more stashed away in the country and in different parts of the world.

He disclosed this in an exclusive interview with Channels Television on Friday.

Mr Magu stated that though corruption had been fighting back, it has only fueled his determination to recover all stolen funds and secure the country’s posterity.

The EFCC chairman also insisted that his face-off with the National Assembly has not been an obstacle in the anti-graft war.

“Personally, it is not a distraction, and I am telling you, that has served as a motivator. That heightened my determination in the fight. The corrupt people are fighting us in all angles on a 24-hour basis so our main challenge is the corruption fighting back using all sorts of instruments but we are trying our best, it has also heightened our commitment, our determination in the fight against corruption.

“We are not the only agency involved in the fight against corruption so I want to appeal to other law enforcement agencies who are also charged in fighting corruption to put more effort and support us in the fight against corruption but I am telling you what we have discovered is not unusual and it’s the tip of the iceberg.

“We are following all the recovered funds and we intend to recover them all and cause the perpetrators to face the full wrath of the law. Some of them are outside the country and we are following all the modalities, procedures in getting them repatriated back to the country,” Magu stated.

Earlier, he had vowed to continue the anti-corruption fight despite the resistance from some quarters saying he would bring all corrupt officials to book in 12 months.

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