The Economic and Financial Crimes Commission says it has recovered $314,000 and N373m about N486m in all from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.
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Acting Chairman of the EFCC, IBRAHIM MAGU, who disclosed this said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission.
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He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.
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The EFCC chair further stated that “nine of the suspects are currently undergoing trial, while five are still under investigations.
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Executive Chairman, Centre for Anti-corruption and Open Leadership, DEBO ADENIRAN weighs in on the matter.