EFCC recovers $11billion stolen funds in 11 years
Since the Economic and Financial Crimes Commission, EFCC came into existence in 2003, a total of 11 billion dollars has been recovered. This was disclosed by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren yesterday. He also said that the commission handled many cases involving advanced fee fraud (419), money laundering, contract scam, internet fraud and has recorded over 100 convictions. The EFCC Spokesman made the comment while speaking at the Forum of Spokespersons of Security and Response Agencies organised by the I-Nigeria Initiative led by Mrs. Ada Apiaffi, in Abuja yesterday, November 5th. He said; “As most of you are aware, the commission has the statutory responsibility for the investigation of all economic and financial crime. In the last eleven years we have been in operation, we have handled thousands of cases in these areas and I want to report that we have recorded over 100 convictions as a result of our investigations. In terms of assets recovery, we h...