EFCC - Where is D' N2 Trillion that you have retrieved all this while - Tambuwal

The Speaker, House of Representatives, Honourable Aminu Tambuwal, on Monday, tasked the management of the Economic and Financial Crimes Commission (EFCC) on the need to be accountable, concluding that information at his disposal showed that the anti-corruption agency since its inception had seized landed properties and monies worth N2 trillion.

This is coming just as the House Committee on Drugs, Narcotics and Financial Crimes expressed displeasure over the refusal of the two former chairmen of the commission, namely, Mallam Nuhu Ribadu and Mrs Farida Waziri, to honour its invitation to answer questions over  seized and confiscated assets and consequently threatened that if the duo failed to honour the committee’s invitation, warrant of arrest would be issued on them and others who failed to honour the invitation of the committee.

The speaker, who dropped the hint at an investigative public hearing to unravel the status of seized and sold assets by the EFCC from inception to date organised by the House Committee on Drugs, Narcotics and Financial Crimes, said, “I have learnt that between 2003 and now, the Economic and Financial Crimes Commission (EFCC) confiscated over 200 mansions and large sums of money through 46 forfeiture court orders. These landed property, monies, and business concerns which were estimated to be worth in excess of two trillion naira, included bank accounts, shares in blue chip companies, exotic vehicles, fuel stations, holdings, warehouses and shopping malls.”

He further said, “we have reports that some of these properties have fallen into disrepair and that some cannot even be accounted for. Indeed, the status of these assets and the lack of clarity about their use while in litigation are part of the reasons why we are holding this hearing. - Tribune