More money stashed away, Nigerians will be shocked – Magu

More money stashed away, Nigerians will be shocked – Magu

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

He stated that there is much more stashed away in the country and in different parts of the world, adding that Nigeria has not seen anything yet.

Magu told Channels Television on Friday that his determination to recover all stolen funds and secure the country’s posterity remains unshaken.

“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.



  1. Keep up the good work and I pray to Almighty Allah for his protection over all who means well for our great nation, Nigeria. More grease to your elbow, Mr Magu.

  2. Among the the instruments of CORRUPTION Fighting back are BOPI,TANTILIM,MARAH-OKOB, IKARAS,EYALEM,GNIRUTCURTSER,ESOYAF,EDOYAK-INAF,etc and crooks among the SANS,LAWYERS,POLITICIANS,PASTORS AND IMAMS. God has given us BUHARI and He is ready to protect him but for his enemies and ours,they will suffer heinous punishment in this world and Hereafter. They will not live to enjoy all their ill-gotten wealth and their children. UNLESS THEY REPENT AND RETURN THE WEALTH BACK.

  3. Mr Magu, with people like you heading Efcc, this country still has hope. Please, recover the stolen wealth so that the pride and values of the common citizens will be restored!

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