EFCC Recovers $9Bn, Secures Over 400 Convictions Since Inception

The Economic and Financial Crimes Commission (EFCC) Thursday said it has recovered over $9 billion, as well as secured over 400 convictions since the inception.

EFCC Chairman, Mr. Ibrahim Lamorde who disclosed this while receiving members of the Africa, Caribbean and Pacific/European Union (ACP-EU) Parliament on a courtesy visit to his office also listed the de-listing of Nigeria from the infamous list of non-cooperative countries by the Financial Action Task Force (FATF) as part of the achievements of the commission.

He lauded the European Union (EU) for its support to the commission which has gone a long way in assisting achieving its mandate in the fight against economic and financial crimes. He said apart from being able to investigate and prosecute criminals, the Commission through the support of the EU also engaged the civil society groups and faith-based organization to buy in and own the fight against economic and financial crimes.

The ACP-EU Parliamentarians who were in Abuja for the 10th ACP-EU Regional (West Africa) meeting said they were in the Commission to see for themselves the impact of the EU assistance on its operation.

Mr Lamorde told the visitors that the Commission received about $24.7 million as support from the EU.

According to him, the funds enabled the EFCC to build its ultra modern Data Centre, Forensic Unit, deploy modern software packages  including Go-Case which have enabled the Commission record significant impact it its enforcement activities in Nigeria. “EFCC would not have been able to achieve what it has achieved today without the support of the European Union”, he said.
Despite the achievement recorded so far, Mr. Lamorde listed some of the challenges faced by the EFCC to include manpower development and prosecution of criminals.

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