Crimes commission recovers looted funds

Acheme Jack, Kano

The Economic and Financial Crimes Commission, EFCC, North West zone has recovered over 1OO billion naira and U$ 622,2OO.OO from some corrupt politicians and fraudsters in the last ten months of the year.

Other properties recovered by the anti graft agency includes: eight houses, nine plots of land, three trucks and a car.

The North West Zonal commander of the anti-graft agency, Mr. Nnaghe Obono Itam said ‘’the command also in the period under review; recorded 214 cases, 24 undergoing prosecution and 23 convictions secured.’’

He explained that investigation was ongoing into complaint about diversion of funds and fraudulent schemes involving the distribution of petroleum products as directed by the EFCC chairman, Ibrahim Mangu, in June this year.

‘’ Our investigation into the cyclical, Bridging and retail schemes yielded a refund of N54, 393, 1O6, 143.OO billion naira to government by credit marketers who collected the products, sold them but refused to remit the monies,’’ Itam explained.

He said that the commission was also focusing on the tackling of fraud related to tax revenues within the business community in Kano.

According to him ‘’the effort has recovered millions of naira for the Federal Inland Revenue and are partnering to ensure value is derived by government through appropriate collection of taxes, rates and royalties.’’

Itam further explained that the agency had engaged some proactive measures to reduce corruption in the society; some of which are the National Youth Service Corp integrity Club and Essay competition going on among schools.

The North west Zone of the anti-graft agency comprises of Kano, Jigawa, Kaduna, Kebbi, Sokoto and Katsina states.

Confidence O