EFCC hands over recovered N263m to Kwara state government

EFCC hands over recovered N263m to Kwara state government

- EFCC says it has handed over recovered loots worth N263 million to Kwara state

- The Anti-graft agency claims the money was retrieved from suspected looters following thorough probes

- Governor Abdulrahaman Abdul-Razak commended EFCC for a good job and promised to channel the funds towards the development of Kwara state

The Economic and Financial Crimes Commission (EFCC) recorded a significant landmark in its anti-corruption effort after handing over a staggering N263 million looted funds to Kwara state government.

The anti-graft agency returned the stolen funds back to Kwara's purse on Tuesday, March 2, with Abdulrahaman Abdul-Razak on the ground to receive the money.

An official statement by EFCC said the money was recovered from suspected looters of the state's treasury following thorough findings.

According to EFCC's head of the zone Isyaku Sharu who presented the money to Governor Abdul-Razak at the agency's office, the fund was looted from KWIRS and 16 local government areas in the state.

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"The money was siphoned from KWIRS and 16 local government areas of the state.

"We have 48 convictions and the worth of recovered assets, both at interim and final forfeiture is in excess of N8.5 billion.

“The mandate given to the commission is to conduct holistic and all-inclusive clean up of fraud and pen robbery, and we will not relent in doing this," Sharu said, adding that N5 billion was siphoned from KWIRS and shared in the ratio of 30/70 per cent by the looters.

Receiving the recovered loots, Governor Abdul-Razak commended the anti-graft agency for doing a great job and promised to channel the money towards the development of the state.

"This fund will be used to augment the budget, social development and the remaining will be used for paying state government debt to the federal government on the SME programme," the governor said.

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Earlier, Legit.ng reported that EFCC said it prevented former officials of Kwara state government from misappropriating N10 billion from the treasury between May 24 and May 29.

The zonal head of the commission in Ilorin, Isyaku Sharu, said while speaking with journalists on Tuesday, July 2, that N10 billion that was alleged to have been stolen by the last administration was intercepted and saved for the current administration.

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