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Nairaland Forum / Nairaland / General / Politics / Why Looted Assets Are Difficult To Recover – EFCC (13066 Views)
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Why Looted Assets Are Difficult To Recover – EFCC by agwom(m): 7:34am On Jul 12, 2019 |
The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, yesterday said Illicit Financial Flows (IFF) from Nigeria to financial secrecy jurisdictions abroad are difficult to recover. Daily Trust reports that illicit cash flows from Nigeria, that ends up in such Safe Havens amounts to about $17 billion yearly, according to the Global Financial Integrity report. https://www.dailytrust.com.ng/why-looted-assets-are-difficult-to-recover-efcc.html 2 Likes
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Re: Why Looted Assets Are Difficult To Recover – EFCC by Bakerdav: 7:39am On Jul 12, 2019 |
But yahoo boys are easy to recover, stupid govt 60 Likes 5 Shares |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Firefire(m): 7:50am On Jul 12, 2019 |
Set of rogues 15 Likes 2 Shares |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Racoon(m): 8:12am On Jul 12, 2019 |
And what have became of all the sensational monies discovered by the EFCC @ Osborne Towers-VI, Airforce Shopping Plaza-VI, Kaduna Airport etc allegedly with- out traceble owners.Continue the lying & propaganda. 7 Likes 2 Shares |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Racoon(m): 8:12am On Jul 12, 2019 |
Simply because they are looted and relooted monies. 4 Likes 2 Shares |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Racoon(m): 8:14am On Jul 12, 2019 |
Also speaking, the chairman of the Presidential Advisory Committee Against Corruption (PACAC), Professor Itse Sagay.....“The latest example is the funds identified as Abacha loot fund in the Island of New Jersey, which is determined to keep a large proportion of the looted funds before returning the balance to Nigeria,”...Does it occurs to Sagay that President Buhari that he is advising on corruption as PACAC chair have shamelessly said "Abacha never stole a dime"? 12 Likes 1 Share |
Re: Why Looted Assets Are Difficult To Recover – EFCC by NeekolazWorld(m): 8:39am On Jul 12, 2019 |
No worry yourself Magu, Lawal go confirm you as Saraki no agree to confirm you. 1 Like |
Re: Why Looted Assets Are Difficult To Recover – EFCC by porka: 10:03am On Jul 12, 2019 |
What about the uncountable trillions of dollars that you said you have recovered? 2 Likes |
Re: Why Looted Assets Are Difficult To Recover – EFCC by GoodofNaija: 10:06am On Jul 12, 2019 |
Simple! Because you are collecting your own share. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by NLSavage: 10:06am On Jul 12, 2019 |
Mtcheww Yahoo Yahoo Government Even south africa owned MTN dey do us Yahoo sef 6 Likes
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Re: Why Looted Assets Are Difficult To Recover – EFCC by Seun4FastLoans(f): 10:08am On Jul 12, 2019 |
Okay By the way, if you own a good business with a good statement of account or a salary eaner you can check below my comment and contact me for quick loans without collateral. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by PrinceKevin01: 10:08am On Jul 12, 2019 |
Stories. When them, themselves are also curropt. Tell it to someone who is not a Nigerian Anyway, i will Build a Professional Logo or Company for your Product or Company For 1k. Offer valid today only. See my info below to to chat me up on WhatsApp |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Nobody: 10:09am On Jul 12, 2019 |
Oyinbo corrupt pass us gan. Dey will use ur loot interest free. Give u back later after they have fuekd the owner up with no inflation adjustment 2 Likes |
Re: Why Looted Assets Are Difficult To Recover – EFCC by freemanbubble: 10:09am On Jul 12, 2019 |
Okay |
Re: Why Looted Assets Are Difficult To Recover – EFCC by oz4real83(m): 10:09am On Jul 12, 2019 |
The reason looted assets are difficult to recover is because u people concentrate more on media trial instead of adequate investigation and prompt prosecution. Some of you also want your share of the loots from the looter and u delibrately bungle investigations. 2 Likes |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Austineva(m): 10:10am On Jul 12, 2019 |
Stupid set of people. 1 Like
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Re: Why Looted Assets Are Difficult To Recover – EFCC by Nobody: 10:10am On Jul 12, 2019 |
Secrecy jurisdictions are set up with laws that hide the beneficial owners of assets using shell companies, often to hide the proceeds of crimes. It is also said to be used for tax evasion, tax avoidance and transfer pricing by multinational companies and organized criminal syndicates to hide or launder illicit funds, mostly from developing countries. Indeed, that's why it is taking some time. And even when they get the money, once it is the subject of a court case....that's another long wait. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by pyro62(m): 10:11am On Jul 12, 2019 |
EFCC this EFCC dat!! But 9mobile just duped Chioma chukwuka and they didn't say anything about that.. Please let us help igbo Amaka to trend small na. Make COZA rest small 1 Like |
Re: Why Looted Assets Are Difficult To Recover – EFCC by iammo(m): 10:11am On Jul 12, 2019 |
Lol Because foreign countries are not mugus... same way they scam us legally .. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Zombiekiller010: 10:12am On Jul 12, 2019 |
But its not difficult to recover properties from Yahoo boys 1 Like |
Re: Why Looted Assets Are Difficult To Recover – EFCC by samcus(m): 10:12am On Jul 12, 2019 |
Some times I wonder why some married men are not contended with their wives.... |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Mopolchi: 10:13am On Jul 12, 2019 |
Yeye govt wasting resources to recover nothing, they will make the loudest noise in accusing suspects but ends up in a low with nothing recovered. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by AroOkigbo(m): 10:13am On Jul 12, 2019 |
How about the recovered ones? Easy to re-loot? |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Nobody: 10:13am On Jul 12, 2019 |
Bakerdav: Do Yahoo boys keep their money in the Virgin Islands, the Caymans, Bahamas, etc? Most yahoo boys keep their money in easily traceable accounts...like Nigerian accounts, which since the introduction of the new biomentric number systems (BVN) have become easier to trace. 2 Likes |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Nobody: 10:14am On Jul 12, 2019 |
Zombiekiller010: If the Yahoo boy kept his monies in an offshore account in Panama, yes. Most of them use normal banking systems....easy for EFCC to trace. 1 Like |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Austineva(m): 10:15am On Jul 12, 2019 |
Hmm when Buhari sees PDP looter, he will be like, let me go and loot it back to myself. Thieves running after a thief 1 Like
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Re: Why Looted Assets Are Difficult To Recover – EFCC by olahero(m): 10:15am On Jul 12, 2019 |
Corruption has eaten us to the marrow, you can see that from comment here, Some people care less about fighting the cancer. May Nigeria succeed. |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Pascopele: 10:15am On Jul 12, 2019 |
Buhari has failed!!!!!!!! |
Re: Why Looted Assets Are Difficult To Recover – EFCC by Nobody: 10:16am On Jul 12, 2019 |
But yahoo money is easy to recover by effcc. Na Gun go killl una. |
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