Magu wants EFCC to keep recovered loots


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.Magu
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.

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

The conference which began Tuesday will end Wednesday.

Magu who was represented at the event by Mr David Tukura, the Deputy Director of Planning, Policy and Statistics of the commission said; “In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency,”.

“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.”

“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.”



The post Magu wants EFCC to keep recovered loots appeared first on Royal Times of Nigeria Newspaper.

Source: Today Trending News




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