DETAILS; WHAT EFCC DID WITH RECOVERED LOOT

A lot of questions have been asked by Nigerians in the past in respect of recovered loot by the Commission; these questions were given some prominence under the administration of a former chairman, through a certain George Uboh who has a dubious history of being a serial convict, first in the United States and recently in Nigeria for fraud. The Commission, however, uses the petition addressed by Uboh to the National Assembly to put the records straight on what EFCC did with the recovered loot. Find below, point-by-point response to the allegations.

1. TAFA BALOGUN FORFEITED ASSETS

ICPC To Probe EFCC Over Alleged Diversion Of N1trn

There were many questions raised against the EFFC on the Non-remittance of cash allegation by the House of Representatives yesterday following a motion moved by Minority Leader Leo Ogor.

Ogor is seeking an investigation into the whereabouts of the recovered loot in line with the war against corruption.  Where is the N1trillion forfeited cash with the Economic and Financial Crimes Commission (EFCC)? Has the cash been remitted into government coffers? Was it diverted?


A businessman, George Uboh, had petitioned the Federal Ministry of Justice on the matter, accusing EFCC Chairman Ibrahim Lamorde of diverting the cash.

The ministry has directed EFCC to probe its chairman based on Uboh’s petition.

At plenary yesterday, the House directed its Committee on Financial Crimes to investigate the alleged non-remittance of the funds by EFCC.