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EFCC Seeks Legal Right to Retain Percentage of Recovered Loot to Fund their Operations

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EFCC Boss, Ibrahim Magu

EFCC Boss, Ibrahim Magu

The Economic and Financial Crimes Commission (EFCC) has called for a review of Nigerian laws to enable anti-graft agencies in the country retain a percentage of recovered loot to fund their operations.

The Acting Chairman of the commission, Ibrahim Magu, made the request at the   national anti-corruption conference organised by the Presidential Advisory Committee against Corruption (PACAC) and the National Assembly in Abuja.

The conference which began on Tuesday, will end Wednesday.

Magu said the review will be in line with international best practices.

“In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency,” he said.

“In EFCC, we have been struggling for years to build our headquarters and when I think of the billions of naira we recover, I can see what would have happened if we are allowed to apply a percentage of this recovery into our operations,” he added.

The EFCC boss also advocated the amendment of the country’s anti-graft laws to place the burden of proof on the accused in corruption cases.

“One the issues that concerns us in the EFCC is that of non-conviction based recovery.

It is of great concern to us that the burden is on us to prove in court that this is a proceed of crime.

But in other climes the accused has to prove that the property he has, actually represents the fruit of his labour.

There is the need for the Act to make a provision for an application of the proceeds of crime into recapitalising the anti graft agencies,” he said.

Magu was represented at the event by David Tukura, the Deputy Director of Planning, Policy and Statistics of the commission.

Vice President Yemi Osinbajo, who opened the conference, called for more support from Nigerians for the  Buhari administration’s efforts at recovering stolen funds from looters of the nation’s treasury.

Osinbajo lamented the state of corruption in Nigeria.

He said  the country stands  the risk of  remaining underdeveloped if nothing is done to stem the tide of corruption.

The President of the Senate, Bukola Saraki, said the anti-corruption war being waged by the  government should not be a tool for political witch-hunt.

“In order to succeed this time, we cannot afford to make the fight against corruption a simple matter. We cannot afford to make it a chase in the dark. It must be rooted in effective strategy and demonstrative plan,” Saraki said.

Saraki emphasised the need for the anti-corruption campaign to be a collective responsibility of Nigerians to rid the country of impunity and hardship.

The  theme of the conference is: “The Role of the Legislature in the Fight against Corruption in Nigeria”.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

16 Comments

  1. ELLA

    October 19, 2016 at 7:48 am

    Thieves!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  2. yemite

    October 19, 2016 at 8:10 am

    Hnmnnn!! Interesting…. MY WATCH

  3. Benson Ossai

    October 19, 2016 at 8:17 am

    You guys don’t have any right to use recovered loots to fund your operations.Don’t bother seeking one please.Wasn’t EFCC appropriated for in the budget?I suggest that the recovered funds should be use to provide public goods to the citizens. After all some of the monies being recovered were actually meant for developmental project before it was diverted by criminals.

  4. Ekene

    October 19, 2016 at 8:24 am

    Seeking to officially steal right ?

  5. Miss Pee

    October 19, 2016 at 8:37 am

    Chai!? Dame Patience wee say there’s God ooooh????

  6. Emeka

    October 19, 2016 at 9:41 am

    Nawa oo

  7. mercy okosun

    October 19, 2016 at 9:45 am

    U dnt need any % 4rm d recovery loot bcos FG fund all d activity of d EFCC.

  8. Nunulicious

    October 19, 2016 at 11:11 am

    They deserve it. These men are underfunded and put their lives at risk.

    • Naijatalk

      October 19, 2016 at 11:31 am

      They deserve it? Why? Because it is their salary? What kind of backwater logic is this?
      Nigeria is not finished in Jesus name

  9. ese

    October 19, 2016 at 11:25 am

    ifuro k’isi diya!!

  10. Prince

    October 19, 2016 at 11:26 am

    That won’t be a bad idea for me.

  11. Naijatalk

    October 19, 2016 at 11:29 am

    Bad idea. Bad idea. Look at these ones. To continue your operations without bias you should have nothing, absolutely nothing to do with recovered funds. EFCC you are just as demonically corrupt as the people you seek

  12. Intheoverseas

    October 19, 2016 at 12:46 pm

    Wicked and corrupt establishment. You want a legal backing for framing people up, seizing their properties and charging them as guilty and you still want the law to make “your suspects” have to prove their innocence for whatever they have been accused for. As if that can ever happen. Knowing how you people are biased and use illegal means of terrorising, stealing properties and framing people. Very very corrupt organisation. With the amount of power that these guys have already, that would be like setting a bull loose in a China store.

  13. Kay

    October 19, 2016 at 1:43 pm

    Ffcc ole!!!!!!!!!!!!!!

  14. Kay

    October 19, 2016 at 1:43 pm

    Efcc ole !!!!!!ole!!!!

  15. tunmi

    October 20, 2016 at 1:12 am

    I really want to gift him Vaseline for his lips. No on the use of bribe money… That is bias already. But yes on the accused proving that the funds are of their own making.

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