The Economic and Financial crimes Commission (EFCC) has vowed to recover all public funds siphoned under the guise of arms procurement by prominent Nigerians now in its custody.

The commission’s acting chairman, Ibrahim Magu, who gave this hint at events to mark this year’s international anti-corruption day in Abuja, said his men were working hard to recover the stolen funds, even as he disclosed that substantial amount of money had been recovered from fraudsters.

“I can assure you that the commission is on top of that investigation. We will spare no effort to ensure that we recover every kobo of public funds that have been stolen in the guise of arms procurement and the culprits brought to justice,” he said.

Magu, who declared at a seminar organized by the Inter-Agency Task Team, a common platform for anticorruption and accountability in the country, disclosed that the commission had secured 78 convictions from 280 cases filed in court this year, while 1,881 cases were investigated.

Besides, he said several interim and final forfeiture orders were given by courts even as funds were being recovered.

Credit: DailyTimes