By At several times, the Acting Chairman of Nigerian anti-graft agency, the Economic and Financial Crimes Commission, Ibrahim Mustapha Magu has openly said he doesn’t know the actual figure of recovered loot since the commencement of the present administration, whose fight against corruption is heads-on.
According to SB Morgen Intelligence, the total cash recovery made by the EFCC since October 2015 till today is N150,904,221,100 $260,700,00 £2,122,090 €547,730.
The special report also indicated how the Whistle-blowing Policy introduced by the Federal Government have helped in increasing the loot recovered since the date it was commenced.
See the break down of the loot recovery in months below…
October 2015
One Recovery
N1,200,000
—————
February 2016
Three Recoveries
N406,000,000
$1,000,000
—————
May 2016
Three Recoveries
N17,000,000
—————-
June 2016
Twelve Recoveries
N15,613,172,600
$15,000,000
£2,000,000
—————
July 2016
One Recovery
N2,500,000,000
—————
September 2016
Two Recoveries
N78,010,000,000
$3,000,000
—————
November 2016
Four Recoveries
N536,500,000
Whistleblowers Come On Board & Recoveries Monthly
December 2016
Two Recoveries
N2,550,000,000
—————
January 2017
Two Recoveries
N34,100,000,000
—————
February 2017
Five Recoveries
N8,195,000,000
$198,300,000
£74,000
—————
March 2017
One Recovery
N49,000,000
—————
April 2017
Four Recoveries
N4,477,498,500
$43,400,000
£48,090
€547,730
—————
————–
TOTAL RECOVERED
N150,904,221,100
$260,700,000
£2,122,090
€547,730
Source: SB Morgen Intelligence
