Abuja – The Economic and Financial Crimes Commission (EFCC) has urged a review of Nigerian laws to enable anti-graft agencies in the country retain a percentage of the loot recovered to fund their operations.

The Acting Chairman of the commission, Mr Ibrahim Magu, made the request at the national anti-corruption conference organised by the Presidential Advisory Committee against Corruption (PACAC) and the National Assembly in Abuja.

The conference which began Tuesday will end Wednesday.

Magu said the review will be in line with international best practices.

“In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency,” he said.
“In EFCC, we have been struggling for years to build our headquarters and when I think of the billions of naira we recover, I can see what would have happened if we are allowed to apply a percentage of this recovery into our operations.”

The EFCC boss also advocated the amendment of the country’s anti-graft laws to place the burden of proof on the accused in corruption cases.

“One the issues that concerns us in the EFCC is that of non-conviction based recovery.

“It is of great concern to us that the burden is on us to prove in court that this is a proceed of crime.
“But in other climes the accused has to prove that the property he has, actually represents the fruit of his labour.
“There is the need for the Act to make a provision for an application of the proceeds of crime into recapitalising the anti graft agencies.”

Magu was represented at the event by Mr David Tukura, the Deputy Director of Planning, Policy and Statistics of the commission.

Vice President Yemi Osinbajo, who opened the conference, called for more support from Nigerians for the Buhari administration’s efforts at recovering stolen funds from looters of the nation’s treasury.

Osinbajo lamented the state of corruption in Nigeria.
He said the country stands the risk of remaining underdeveloped if nothing is done to stem the tide of corruption.

The President of the Senate, Bukola Saraki, said the anti-corruption war being waged by the government should not be a tool for political witch-hunt.

“In order to succeed this time, we cannot afford to make the fight against corruption a simple matter. We cannot afford to make it a chase in the dark. It must be rooted in effective strategy and demonstrative plan.”

Saraki emphasised the need for the anti-corruption campaign to be a collective responsibility of Nigerians to rid the country of impunity and hardship.

The theme of the conference is : “The Role of the Legislature in the Fight against Corruption in Nigeria”.


http://www.vanguardngr.com/2016/10/ibrahim-magu-wants-efcc-to-be-allowed-to-keep-percentage-of-recovered-loots/

Why are they keeping the money when there is hunger in the society?

Because their is no recovered loot. Everything is just a media show.

If you have any facts show the Nigerian public and return the money to the Nigerian people through their elected representatives in the National Assembly.

Return the phantom money to the CBN, you are not a government safe.

Zombie government

The guy eye don red. Na so e take start. From %age to half to full and then off record.

Why is this man seeking a percentage when there is annual budgetary provisions for the agency?

Very useless govt meanwhile efcc is keeping the loot for the present looters

magu wants to chop

Shey na to dey keep loots be the next thing now for this we country..

EFCC recovered 1 billion they kept.. Federal government wants to sell assets to raise 1 billion.. I guess that our present situation now.

Government funds belongs to government account

This is a Request to start to loot the Recovered Fund. Magu, once your department's budget is approved and released to you, that's all.

hmm..they recovered loots and they want to keep it to themselves..rather than using it for something that'll help alleviate this recession!..
Our recovered loots just flying like benin girls..

The new thief in town....


We all know what Magu really want
click like if you get the gist, share if not

The answer is No. It's a plan to loot. Stick to your Budget and that's all.

You have a budget..
Stick with it

Saraki emphasised the need for the anti-corruption campaign to be a collective responsibility of Nigerians to rid the country of impunity and hardship.

So saraki too dey advise us how to fight corruption? Ok

When him go return all the money he has been collecting from his states coffers?

Magu wants to turn EFCC to bounty hunters...

It is done almost everywhere, in the Us the DEA, FBI and CIA do it, even on the streets sef the principle of "Eye way see" applies

What for

Stealing by trick

At least they ask for permission

Some certain% go what when hunger wan kill people abi.

One reason to convince you of our daft leadership is the fact we banned importation of rice for humans but want to import grasses for cows.

For what when Nigerians are suffering?

I'm looking for a job,i want to work in efcc

Lols if they Change the act the even ritualist r in trouble.

How will they explain their blood money financial model in court

Dem never get incentive, and dem don arrest innocent people join. If incentive come dey. They will be worse than police. This is an EFCC govt. It seems we have no other ministries or functions. What is going on in health, education, agric etc. I beg someone on dis forum to share with us.

I concur..


But it should be handed to them via the proper channels.. Menaing they recover the loot, account for their recovery to the Finance Ministry or whoever is in charge and then it is given to them from the top.

Same for the Police. They should be allowed to keep a percentage of monies the recover from Tickets, fines and the likes..

Imagine... Are they not well paid?? Nigerians and greed!

Why?

fitzmayowa:
Magu wants to turn EFCC to bounty hunters...

You hit the abolo head on the nail.

Following

What a MUGU sugestion.