Metro
Magu advocates that EFCC keep percentage of recovered loots
The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, wants the commission to retain a percentage of loots recovered by it to fund its operations.
In this direction, Magu, on Tuesday, called for a review of Nigerian laws so that anti-graft agences in the country can fund their operations from monies recovered by them.
The EFCC boss made the call on Tuesday at the national anti-corruption conference organised by the Presidential Advisory Committee against Corruption (PACAC) and the National Assembly in Abuja.
According Magu, the review will be in comformity with best international practices.
Magu 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.”
Read also: Boko Haram Onslaught: Many Nigerian soldiers feared dead, 13 injured
He further called for the placement of the burden of proof on accused person in corruption cases by reviewing the nation’s anti-corruption laws.
“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.”
By Timothy Enietan-Matthews….
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yanju omotodun
October 19, 2016 at 9:04 am
what operations are they requiring money to fund that the federal government are not providing for them? this is a means of stealing money. EFCC needs a body too that will always investigate their operations and arrest corrupt officers among them too. if they like , they should leave their headquarter ‘s building uncompleted. mtccchew
JOHNSON PETER
October 19, 2016 at 9:08 am
Magu said: “In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency”
he has forgotten that this is Nigeria and not UK. If EFCC is allowed to have looted percentage being kept by them, EFCC officials will soon be richer than the politicians and Magu might become the richest man in Africa soon. Lol.
Olawale james anifowoshe
October 19, 2016 at 9:55 am
see this thief…..he wants to keep a percentage of recovered looted funds, when we are yet to see the effect or usefulness of the recovered funds in the country. Awon ole jati jati.
helen obanor
October 19, 2016 at 10:02 am
they want their share too, since we absolutely dont knw where/ what the funds are used for. soon and very soon other agencies will make their claims known. up naija
Margret Dickson
October 19, 2016 at 11:15 am
This is how in-house corruption starts. Put them incharge of money now, next minute, they will start embezzling the money
Amaka Okoro
October 19, 2016 at 12:30 pm
magu is an idiot.What was he thinking that makes him feel he can get whatever he wants. By trying to keep some percentage of recovering loots fund’.this time around magu has fail and we not get it