Magu Cries Out Over Hardship Involved In Recovering Looted Assets In Foreign Countries

The chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has complained over the hardship experienced in recovering stolen assets in foreign countries.

He has consequently appealed to law enforcement agencies to work with the EFCC in the issue so as to bring about positive result.

He made this declaration on Friday in a statement through the EFCC  Head, Media and Publicity, Tony Orilade,

“The process of repatriating monies stashed abroad has been very frustrating and disappointing, yet we have done everything possible, gone out of our way to encourage our sister agencies, but cooperation is almost nil,” he said.

“We have been investigating a number of cases for over four years working with the Federal Bureau of Investigations, National Crimes Agency and even the Crown Prosecution Service, we have done everything possible, gone out of our way to encourage our sister agencies, but except there is a third party involved there is no cooperation.”

“The Swiss have been more cooperative”, Magu observed that “the others never disclose their findings”, and are “very reluctant to get the proceeds repatriated”.

“We are willing to go outside this country to give evidence, and to share the intelligence that we have.”

“The next level in the corruption fight is promising, there is political will and we are going to be daring,” he said.