Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,122 members, 7,957,201 topics. Date: Tuesday, 24 September 2024 at 09:04 AM |
Nairaland Forum / Nairaland / General / Politics / EFCC Recovered N511.9bn In 2017, Magu Tells Reps (8618 Views)
I Prefer Sleeping In Cell, Not Office, That’s Allah’s Wish – Magu Tells Police A / Wike Thanks Buhari For Refunding N78.9bn To Rivers, Appeals For A State Visit / Ibrahim Magu Tells Banks To Provide List Of Corrupt Customers (2) (3) (4)
EFCC Recovered N511.9bn In 2017, Magu Tells Reps by deji17: 6:53pm On Feb 05, 2018 |
EFCC Recovered N511.9bn In 2017, Magu Tells Reps Channels Television Updated February 5, 2018 The Economic and Financial Crimes Commission (EFCC) recovered about N511.9 billion in 2017, information provided to the House of Representatives by the Acting Chairman of the EFCC showed. Mr Ibrahim Magu, who appeared before the House Committee on Financial Crimes on Monday to defend the performance of the anti-graft agency’s budget for 2017 and its budget for 2018, told the committee that the funds were recovered in naira, pounds, dollars, euro, South African rand and dirham. During the period, the agency recovered 473.065 billion naira, $89,258,124.97 (N35,415,846,317.29), £294,851.82 (N148,727,302.71), €7,247,363.75 (N3,246,336,430.27), 443,400 dirhams (N43,550,800.21), and 70,500.00 South African rand (N2,111,974.41). Magu listed the achievements of the EFCC during the year to include the recovery of N329 billion from petroleum marketers by the commission’s Kano Office, securing the final forfeiture of N32billion and $5million to the Federal Government from the former minister of petroleum resources, as well as final forfeiture to the FG of N449 million discovered at Legico Plaza on Victoria Island, Lagos. Other achievements are: the final forfeiture of over $43million discovered in an apartment at Osborne Towers in Ikoyi, Lagos; withholding tax recovery of over N27.7 billion from banks; Nigerian Ports Authority recovery of over €6.6 million, recovery of N1.1 billion naira on behalf of AMCON, and the recovery of subsidy fraud funds of over N4 billion. Mr Magu told the committee that in carrying out its activities during the year, the commission faced some challenges. “A major challenge in the implementation of the capital estimates is the late and insufficient release of funds appropriated,” he said. “Presently, funds have not been released for the furnishing of the new head office complex expected to be handed over by March 2018. We need the committee’s intervention in that regard.” (The following exchange rates were used for conversion in this story: 1 AED = 98.2201 NGN, 1 ZAR = 29.9571 NGN, 1 EUR = 447.933 NGN, 1 USD = 360.914 NGN, 1 GBP = 505.471 NGN) https://www.channelstv.com/2018/02/05/efcc-recovered-n511-9bn-2017-magu-tells-reps/? 2 Likes 2 Shares
|
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Jochabed(f): 6:56pm On Feb 05, 2018 |
We are yet to see the positive effect of the Money,so am not pleased. 17 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Nkemtreasure: 7:18pm On Feb 05, 2018 |
Yet we are the poorest in the world... Una no dey tire for lie 19 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by deji17: 7:23pm On Feb 05, 2018 |
Jochabed: There is a time lag between looting and when you feel the pain. There is also a time lag between Govt investment in infrastructure and when the projects are completed for you to enjoy. https://www.ceicdata.com/en/nigeria/government-revenue-and-expenditure/gross-federation-account-revenue-oil 15 Likes 2 Shares
|
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Nobody: 7:50pm On Feb 05, 2018 |
Is that all? 4 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by seunmsg(m): 8:06pm On Feb 05, 2018 |
Magu is really doing great. No wonder why all the corrupt elements are against his confirmation. All reasonable Nigerians should support this guy in his effort to recover looted funds and bring corrupt officials to book. 14 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by SalamRushdie: 8:09pm On Feb 05, 2018 |
deji17: This one na dusty yarns .Buhari must go 21 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by deji17: 8:11pm On Feb 05, 2018 |
SalamRushdie: To replace him with those who looted Nigeria dry? It is not going to happen. View Nigeria's Gross Federation Account Revenue: Oil from Mar 2005 to Mar 2017 in the chart: 9 Likes 4 Shares
|
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by miqos02(m): 8:47pm On Feb 05, 2018 |
Seen |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by bluelaptop: 8:48pm On Feb 05, 2018 |
Over sabi men |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by tobtap: 8:48pm On Feb 05, 2018 |
LIES ...so where is d money.. y are we borrowing money if we've got such large amount 13 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by mallorca(m): 8:48pm On Feb 05, 2018 |
Where is the money? 9 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Samsimple(m): 8:49pm On Feb 05, 2018 |
a |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by eleojo24: 8:49pm On Feb 05, 2018 |
Yeah, right They recovered all that money and transferred it to new pockets. 4 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by ifyalways(f): 8:49pm On Feb 05, 2018 |
Dem Don come again with their spiritual money recovery o. 511bn is not a small money, where is it? 18 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Samsimple(m): 8:50pm On Feb 05, 2018 |
so now what will happen to the money...... some politicians when they hear this news be like 2 Likes
|
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by lilmax(m): 8:50pm On Feb 05, 2018 |
lol and how much is the budget? 5 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by fakuta(f): 8:51pm On Feb 05, 2018 |
k |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Wesporting: 9:01pm On Feb 05, 2018 |
We hear, so where are the money? 5 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by jamael(m): 9:01pm On Feb 05, 2018 |
These people are seriously playing on our intelligence. What Nigerians need are: 1. Who did you recover the money from? We want names of individuals and their portfolios not just random figures 2. If they were public figures, what has been done to them. Have they been charged to court or prosecuted? 3. What has the money been used for? For me, that's (No. 3) the most important question. Corrupt men took money that was meant for a purpose. If the so-called money is recovered, has it been used for the purpose it was originally meant for? EFCC is a tool used to victimize corrupt members of the opposition. Let 2019 do and come abeg. 9 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by AishaBuhari: 9:03pm On Feb 05, 2018 |
After recovering, the new headline would be that the recovered has been relooted 6 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Naijacost22: 9:03pm On Feb 05, 2018 |
why all the lies na. APC is using this news to distract us form the failed power and collapse of the power grid. 7 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by stanluiz(m): 9:04pm On Feb 05, 2018 |
The 551.9 billion naira has been re-looted again. 5 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by buhariguy(m): 9:06pm On Feb 05, 2018 |
That is good 1 Like |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by dvee2: 9:06pm On Feb 05, 2018 |
With this type of achievement why would corrupt person want Buhari back? Carry on PMB Nigerians are behind you 2 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Emmy3(m): 9:08pm On Feb 05, 2018 |
And 'they' took #350 billion form ECA to fight the 'defeated' boko haram. Story for the gods..... ........................... Nairalanders, please help a brother in need. View the topic below for more info. https://www.nairaland.com/4331505/urgent-need-personal-business-loan 2 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by vineyardfarms: 9:08pm On Feb 05, 2018 |
Jochabed: TALK TALK TALK SO MUCH TALK ABOUT RECOVERY. MR PRESIDENT, MRS FINANCE MINISTER, MR MAGU, WHERE ARE THE RECOVERED LOOTS SHOW US ONE PROJECT THE LOOT WHERE USED FOR. HOW MUCH WAS SPEND TO RECOVER THE SAID IMAGINERY AMOUNT SHOW US THE MONEY, LESS TALK, SHOW US THE MONEY! 2 Likes 1 Share |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by gbegudujo: 9:08pm On Feb 05, 2018 |
They make it look like PDP stole the money but the bulk over 329 billion was collected back from oil marketers apparently when subsidy was removed |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Nobody: 9:12pm On Feb 05, 2018 |
That's good Buhari 2019 2 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by UncleJudax(m): 9:13pm On Feb 05, 2018 |
He finally picked a number? Mtcheww 1 Like |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by Mintek: 9:18pm On Feb 05, 2018 |
dvee2: Which "Nigerians"? 2 Likes |
Re: EFCC Recovered N511.9bn In 2017, Magu Tells Reps by deji17: 9:19pm On Feb 05, 2018 |
jamael: You no dey read newspaper? Why do you think they brought Olisah Metuh to court today on stretchers? All the recovery from Mama Piece, late mother's company and Dieziani that is down with cancer in london, you think say the money no dey add up? 1 Like |
Nigeria’s Democracy Facing Challenges – Osinbajo / Re: Plan To Demolish Mosque In Onitsha(pic) / Price Of Bread In Lagos To Be Increased By 20%
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 26 |