According to the video evidence, corruption and diversion of
recovered loot at the EFCC dates back to the tenure of Nuhu Ribadu as
the boss of the newly established agency.
The anti corruption agency is accused of diverting more than N1
trillion in recovered funds as well as selling off properties of accused
persons and diverting the proceeds into private pocket.
While the total recoveries from EFCC stands at more than N2
trillion since it’s inception till 2013, it has only remmited N6.7
billion to its recovery account with the CBN during this period.
He stated that during the period EFCC has stolen and diverted N1.93 Trillion minus proceeds from sales of recovered property.
He thereafter broke down how the anti-corruption agency steals funds from its victims.
He alleged that most recoveries are underreported and bank account statements are largely doctored.
He also said recovered monies are put into interest yielding
accounts by the various heads of EFCC that have passed through the
office.
In the video he alleged that monies recovered from former Bayelsa
Governor, late Diepreye Alamieyeseigha was diverted to private pockets
alongside proceeds from the sales of recovered property.
Recoveries from disgraced Inspector General of Police, Tafa Balogun
were also underreported. Most of the money was diverted and the
properties sold without the knowledge of the Federal Government.
Recall that the Attorney General of the Federation and the Minister
also f Justice, Abubakar Malami SAN recommended the sack of the EFCC
boss, Ibrahim Magu to President Buhari alleging that the agency has been
diverting recovered funds.
See the full video below:
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