17 Views

How EFCC Recovered N553m Stolen Funds From Politicians

The Economic and Financial Crimes Commission (EFCC) said it has recovered N553.77million from corrupt politicians in the South East.

The Zonal Head of Operations of the commission, Mr Johnson Babalola, made this disclosure at a news briefing on Tuesday in Enugu.

Babalola said the news briefing was held to acquaint members of the public on the activities of the commission in the past seven months.

He said that the recovered funds were part of the public funds the Peoples Democratic Party (PDP) illegally appropriated to itself to prosecute the 2015 general elections in the zone.

He said that the commission recovered N300 million, N82.5 million and N60 million from chieftains of the party in Ebonyi, Abia and Enugu States respectively.

“We have recovered N300 million out of N400 million in Ebonyi. In Abia, we recovered N82.5 million out of N450 million while we got N60 million in Enugu out of N450 million.

“However, we are facing some challenges in Anambra and Imo but the commission is working on them,” he said.

Babalola said that the commission had resolved to prosecute all staff of the Independent National Electoral Commission (INEC) in Imo, Anambra and Enugu found culpable as soon as the courts resumed from vacation.

“Within the period, we received a total of 503 petitions from Nigerians out of which 333 were approved for investigation while others not under our the purview of the EFCC were referred to sister agencies.

“We charged 88 of such cases to court and have so far obtained five convictions,” he said.

Babalola said that the judiciary had been of immense help in line with its constitutional mandate in spite of the antics of the suspects.

“Some of them have sued us for fundamental rights violations and enforcement but the judiciary has been cooperating with us.

“We have not been found to have impugned on the rights of others,” he said.

He said that the then executive members of the PDP in Abia were under investigation for their alleged complicity in the 2015 campaign fund fraud.

“Recovering stolen funds from politically exposed persons is not easy. The people we are dealing with take painstaking efforts to perfect the fraud.

“Some of the money had left the shores of this country and we have written the foreign countries from here,” he said.

Babalola said that the stolen funds must be returned to the Federal Government coffers.

“We have discovered some of the bogus projects used by the corrupt politicians to corner the stolen funds and very soon we shall come out with our findings,” Babalola said.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Singer, Wizkid Gives Health Update, Appreciates Fans For Their Support
Entertainment
39 views
Entertainment
39 views

Singer, Wizkid Gives Health Update, Appreciates Fans For Their Support

Mabel - September 20, 2017

Nigerian singer, Wizkid who a few weeks ago revealed that he’s been battling with an unknown ailment that has prevented him from performing has bounced back. He took to…

Rivers Governor, Nyesom Wike Assigns Portfolios To 20 New Commissioners… [See Full List] 
Politics
30 views
Politics
30 views

Rivers Governor, Nyesom Wike Assigns Portfolios To 20 New Commissioners… [See Full List] 

MT - September 20, 2017

The Rivers State Governor, Nyesom Ezenwo Wike has on Wednesday, assigned portfolios to Cabinet Commissioners in the state. According to a statement posted on Facebook the newly…

Rochas Okorocha Has This To Say On IPOB, Biafra: “Hausas Can Win Election Without Igbos”
Politics
46 views
Politics
46 views

Rochas Okorocha Has This To Say On IPOB, Biafra: “Hausas Can Win Election Without Igbos”

MT - September 20, 2017

Rochas Okorocha has revealed that Igbos play the worst politics in Nigeria saying that Hausas can win election without them. Imo State Governor, Rochas Okorocha has accused…

Meet Endurance Otobi, The Blind Shoe Cobbler Who Is Defying All Odds
Business
35 views
Business
35 views

Meet Endurance Otobi, The Blind Shoe Cobbler Who Is Defying All Odds

PH - September 20, 2017

Endurance Otobi is a blind shoe mender from Delta state Nigeria. He was not born blind, he started having problems with his sight while he was in primary…

Kano Government Declares Friday Public Holiday To Mark Islamic New Year
Religion
32 views
Religion
32 views

Kano Government Declares Friday Public Holiday To Mark Islamic New Year

Mabel - September 20, 2017

The Kano State Government has declared Friday, September 22, as public holiday to mark the new Islamic year. This is contained in a statement signed by the…

Anthony Joshua Names Two Boxers Who Can Strip Him Off World Heavyweight Champion
Sports
56 views
Sports
56 views

Anthony Joshua Names Two Boxers Who Can Strip Him Off World Heavyweight Champion

MT - September 20, 2017

Nigerian born British boxer, Anthony Joshua has opened up on two people who pose a threat to his soaring fame in boxing.   Anthony Joshua Nigerian-British boxing…

Fasasi Tosin Oladayo; The 18 Year-Old Nigerian Inventor With Four Patents To His Name
Inspiring
74 views
Inspiring
74 views

Fasasi Tosin Oladayo; The 18 Year-Old Nigerian Inventor With Four Patents To His Name

MT - September 20, 2017

Fasasi Tosin Oladayo  is a third year Aerospace engineering student. He currently own four patents and he is also the founder of Nigeria biggest telecommunication equipment company…

LIST: 4 Highly Profitable Talents And How They Work; According to An Expert
Inspiring
60 views
Inspiring
60 views

LIST: 4 Highly Profitable Talents And How They Work; According to An Expert

MT - September 20, 2017

When most Africans living in Africa hear or read the word talent the first thing that goes into their mind is music. Music has become one talent…

Serena Williams’ Fiance Is Enjoying Fatherhood And Here Is A Proof
Inspiring
55 views
Inspiring
55 views

Serena Williams’ Fiance Is Enjoying Fatherhood And Here Is A Proof

MT - September 20, 2017

  Serena Williams’ Fiance, Alexis Ohanian is really enjoying fatherhood. Yes, though engaged to a tennis star, he is absolutely enjoying the fatherhood and of course a happy…

Togolese Activist Called Out Yemi Alade For This Reason… Here’s What She Said
Entertainment
38 views
Entertainment
38 views

Togolese Activist Called Out Yemi Alade For This Reason… Here’s What She Said

MT - September 20, 2017

  It is no more news that Togo at the moment is unrest politically and following the crisis in the western African country between the ruling class and…

Psquare’s Beef: This Lola Okoye’s Message On Hate Is Totally Thought-Provoking [See Details]   
Entertainment
59 views
Entertainment
59 views

Psquare’s Beef: This Lola Okoye’s Message On Hate Is Totally Thought-Provoking [See Details]  

MT - September 20, 2017

  Several people on social media have been pointing accusing fingers at Peter Okoye’s wife, Lola Omotayo for been responsible for Psquare’s beef, it even got worse…

Comedian, Klint da Drunk And Wife Celebrate 10th Wedding Anniversary
Romance and Love
50 views
Romance and Love
50 views

Comedian, Klint da Drunk And Wife Celebrate 10th Wedding Anniversary

Mabel - September 20, 2017

Comedian Klint da Drunk and his wife, Lilien Klint-Igwemba, are celebrating their 10th wedding anniversary today, September 20th 2016. They both took to their Instagram pages to share…

What We Will Do If Buhari Deploys Military To Niger Delta
Politics
56 views
Politics
56 views

What We Will Do If Buhari Deploys Military To Niger Delta

PH - September 20, 2017

The Ijaw Youth Council, IYC, has warned the President Muhammadu Buhari-led Federal Government against its plan to deploy troops under the Operation Crocodile Tears to the Niger…

We Didn’t Burn Any Mosque in Enugu
Politics
34 views
Politics
34 views

We Didn’t Burn Any Mosque in Enugu

PH - September 20, 2017

The Indigenous People of Biafra (IPOB) has denied allegations that it was responsible for the burning of a mosque in Enugu State on Monday. The group, speaking…

Why I Rejected El-Rufai’s Endorsement
Politics
38 views
Politics
38 views

Why I Rejected El-Rufai’s Endorsement

PH - September 20, 2017

Lawmaker representing Kaduna Central Senatorial District, Shehu Sani, has described the endorsement of Governor Nasir el-Rufai by the All Progressives Congress in Kaduna State for a second…

Why Reps Ordered Banks To Unfreeze Patience Jonathan’s Account
Politics
36 views
Politics
36 views

Why Reps Ordered Banks To Unfreeze Patience Jonathan’s Account

PH - September 20, 2017

The House of Representatives committee yesterday, ordered some banks to immediately unfreeze accounts of former First Lady, Mrs Patience Jonathan. The committee also ordered Aridolf Wellness Home…

How Buhari Delayed In Dealing with Nnamdi Kanu
Politics
45 views
Politics
45 views

How Buhari Delayed In Dealing with Nnamdi Kanu

PH - September 20, 2017

A chieftain of the All Progressives Congress (APC) in Edo State, Charles Idahosa, has said President Muhammadu Buhari delayed in dealing with several issues especially Nnamdi Kanu,…

Why We Suspended Attacks On Niger-Delta Oil Facilities
Politics
48 views
Politics
48 views

Why We Suspended Attacks On Niger-Delta Oil Facilities

PH - September 20, 2017

Reformed Niger Delta Avengers, RNDA, a coalition of nine militant groups, has announced temporary suspension of attacks on oil and gas facilities in the Niger Delta region.…

Loading...