ibrahim-magu

EFCC Wants Cut From Recoverd Loot

By Adebayo Williams

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has advocated for laws to back anti-graft agencies to keep a percentage of loot recovered from corrupt officials. Magu, represented by David Tukura, Deputy Director of Planning, Policy and Statistics of the commission, said the money will be used to strengthen the operations of the agency. He said the practice had already been in the existence in countries such as the United Kingdom. He made the call at the Presidential Advisory Committee against Corruption, PACAC, and the National Assembly in Abuja.

“In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency,” he said.

“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.”

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