By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Buhari demands details of monetary, asset recoveries from EFCC
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
Politics

Buhari demands details of monetary, asset recoveries from EFCC

April 8, 2017 9:11 am
The Capital
Share
SHARE

President Muhammadu Buhari has directed the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, the Attorney-General of the Federation (AGF), Mr. Abubakar Malami, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele to provide a detailed submission on amount of monies recovered so far by the anti-graft agencies, in its anti-corruption war, since the inception of this administration in June, 2015.

Also directed to do same are the Director-General of the Department of State Services (DSS), Mr. Lawal Daura, the Chairman of the Independent Corrupt Practices Commission (ICPC), Mr. Ekpo Nta and the National Security Adviser (NSA), General Babagana Monguno.

The agencies were also directed to submit a detailed inventory of assets seized,  including vehicles, jewelry’s and other valuables, latest by yesterday, Friday April 7, 2017.

They were ordered to submit the details of recovered monies and assets in their possession also by yesterday.  It was revealed that most of the agencies except the EFCC have since complied with the deadline given by the president.

As at the time of filing in this report yesterday night, it was not certain if the EFCC Chairman, had complied with the directive which lapsed yesterday.

The source said that the directive was informed by the need to “place a value on the total recoveries made by the government, whose anti-graft prosecutors have been accused of being unable to secure convictions, but have been quick to announce their seizures, even temporary ones to the public.”

It added that the President needed the inventory to ensure transparency and accountability as rumours of untoward practices continued to swell round the recoveries.

See also  How South-South Governors Betrayed Atiku, PDP, In 2019 – Wike

There have been allegations that some of the seized valuables like land documents, cars and vehicles had been stolen by some officials of the agencies that seized them.

The source said: “In fact, in several yards across the country, vehicles seized by EFCC like Range Rovers, Jaguars, Prado jeeps, and expensive cars are decaying. The cars are allowed to rot, leading to massive waste.”

“Also remember that certificates of occupancy seized from the home of an ex-governor were found in the market, where some EFCC officials were allegedly trying to sell them. The case is now with the police. Also at the Senate hearing for his confirmation, Magu was unable to put a figure or an estimate to the amount of monies, local and foreign currency, he has recovered so far, or provide a value to properties, cars and jewelries that have been seized,” the source added.

When THISDAY contacted Senior Adviser to the President on Communication, Mr. Femi Adesina on details of directive, he stated that he was unaware of it but that the president had been receiving series of briefings since he returned to the country and that the said directive would be nothing out of the ordinary.

Thisday

You Might Also Like

Fresh crisis looms in PDP as court asks Makarfi not to recognise S’West chair
I don’t have anointed candidate in Edo APC – Capt. Okunbo
I’ve Dumped PDP, I Am Close To Returning To APC – Atiku’s Ex-Spokesman, Daniel Bwala
APC, PDP locked in verbal attacks over Ekiti election
Loss of Ondo won’t make me leave PDP for APC, says Fayose
Share This Article
Facebook Email Print

BREAKING: APC Releases List of Qualified Senatorial Candidates Ahead 2027

The All Progressives Congress (APC) has released the names of senatorial candidates…

“Sad News”: Tears as Okonjo-Iweala is Bereaved, Peter Obi Reacts

Prince Ikechukwu Okonjo, younger brother of Ngozi Okonjo-Iweala, the director-general (DG) of…

2027 Election: Atiku’s Running Mate Finally Revealed, 3 Names Emerge

Former Vice-President, Atiku Abubakar, is said to be weighing his options ahead…

Cheapest States to Buy Petrol As Prices Drop Following Fuel Supply From Local Refineries by Marketers. DETAILS EMERGE

JUST IN: Marketers Crash Petrol by Over N100, New Pump Prices Emerge Nationwide

The cost of importing petrol into Nigeria has dropped sharply following the…

BREAKING: Three Former APC Speakers Dump Party, Full List Emerges

The 2027 general election is around the corner, and political parties are…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

Politics

“SEALED” –Atiku’s Camp Announce Merger With Obi, Kwankwaso To Unseat Tinubu In 2027

January 4, 2025
APC Chieftain Begs Nigerians to Shelve Protest, Say Tinubu will Stabilise Economy
Politics

‘Not Shettima’: Prominent Lawyer Forecasts ‘Next President After Tinubu’

September 6, 2025

Senate: Buhari Has Failed Nigerians

December 2, 2020

Auditor General Report Exposes $3.4 Billion IMF Loan Disappearance During Buhari Tenure – Shehu Sani

February 5, 2024

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?