 |
| EFCC Boss, Ibrahim Magu |
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, has said that between 1970 and 2008, about $217.7 billion was stolen from Nigeria’s treasury.
Magu said this during the conference of Online Publishers Association of Nigeria, held in Abuja.
Represented by the EFCC Spokesman, Tony Orilade, Magu said: “In February 2015, a High-level panel on illicit Financial Flows from Africa constituted by the African Union under the chairmanship of the former President of South Africa, Thabo Mbeki, revealed that Nigeria ranked first among 10 African countries by Cumulative Illicit Financial flows between 1970 and 2008.
“The total outflow from Nigeria for the period was $217.7 billion, constituting about 30.5 per cent of Africa’s total share.”
Magu also said the investigation, arrests, prosecution and asset recoveries undertaken by EFCC over the years confirmed that the level of corruption in Nigeria was truly staggering.
Post A Comment: