Our reporter

The Economic and Financial Crimes Commission (EFCC) has claimed it has recovered nearly N1trillion worth of assets believed to have been acquired from stolen funds.

The acting chairman of the commission stated this at a press conference Thursday that the assets recovered so far is over N980 billion. The press conference was organised to mark this year’s democracy day celebration, listing the assets to include non-monetary assets such as estates, private jets and oil vessels.

He said EFCC has also secured 2,240 convictions in the past five years under his leadership..

“We shall be marking the 2020 Democracy Day as a commemoration of our progress in the democratic project.

“As you all know in your regular reporting, the EFCC is not only ahead, it is clearly so. We are on course in all the cases we are prosecuting. Our scorecard in the area of conviction is 2,240 in the last five years.

“We have recovered assets in excess of N980 billion and quite a large array of non-monetary assets like property, estates, private jets, oil vessels, filling stations, schools, hotels, trucks and other automobiles, jewellery, plazas, shopping malls, electronics, among others.

“The EFCC takes both enforcement and prevention strategies very seriously. Our enforcement is not about tough talks, it is about tough actions. It is not about rhetoric, it is about professionalism. It is not about seminars, it is about criminals and how to bring them to book,” he stated.


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