EFCC tracks Kwara’s N370m to UK

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Economic and Financial Crimes Commission (EFCC)in Ilorin, Kwara state is  tracking N370m money of the state government.

Speaking during a walk to mark the 3rd African Union, Anti-Corruption Day rally in Illorin, Zonal head of EFCC, Isyaku Sharu said the money was converted to pounds sterling and used to purchase property in the United Kingdom by a highly placed politician in the state.

“In Ilorin zone we are also tracking M370M that was converted to pounds and found it’s way to UK for a particular property of one highly placed politically exposed person.Very soon you will hear from us.”

Sharu said the EFCC is committed to recovering the stolen funs as Nigeria has long suffered looting of her common wealth to the western world.

“The continent is losing over $50 billion yearly due to illegally acquired assets allocated all over the world and the process of tracing, freezing, management and eventual repatriation of assets is a long process, hence the need for the involvement of relevant instruments through international cooperation to repatriate stolen assets back to Africa.”

“You can all agree with me that it involves the invocation of relevant instruments to partner with international cooperation. Extradition,mutual legal accentrity, freezing among others are the process. But to our greatest surprise with all these complex nature, after all said and done the repatriated funds that were brought back to the country would still be stolen by the same people”

He also called for collaborations by the stakeholders to reverse the trend.

“So, heads of anticorruption agencies in Africa have persistently sought for the support and collaboration of global communities for the repatriation of stolen wealth back to African countries. “The need to straighten international cooperation among the anti corruption agencies in africa for purposes of developing an African common position frame work on asset recovery and return can therefore never be over emphasized.”

 



Aneta Felix

Aneta Felix is a seasoned broadcast journalist and versatile content producer with an interest in reporting on human and gender rights, insecurity, corruption, and development among others. She has over five years of progressive experience, working across online, radio, and TV platforms, reporting the Boko Haram insurgency in Adamawa state, covering elections across the country and interviewing CEOs of multi-million dollar companies. Aneta is also the producer and presenter of the business documentary program, Startups, on TV360 Nigeria. She is a graduate of International Studies and Diplomacy from the University of Benin and is based in Lagos Nigeria.


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