Buhari Asks EFCC To Account For Recovered Loot


President Muhammadu Buhari has issued fresh orders to the Economic and Financial Crimes Commission (EFCC) to account for funds that were stolen but recovered by the Commission.

The President also urged the EFCC not to be distracted by negative comments from some quarters on its operations, especially as they affect some of those who have been named in the $2.1 billion arms scandal.

“Mr. President wanted a very clear picture regarding accountability and the exact amount of funds already recovered from some of those who were said to be making refunds to the coffers of the Federal Government of Nigeria,” Vanguard quoted a Presidential Villa source to have said, speaking on the visit of the Chairman of EFCC, Mr Ibrahim Magu, to the president.

Buhari’s directive was believed to have been about the recovery of looted funds recovered by the EFCC under Ibrahim Lamorde, the immediate past EFCC boss.

Sources further told Vanguard that since the EFCC under Lamorde made some recoveries and seizures from some looters (which included properties), there was need to account for “everything that went down”.

Lamorde, who is out of the country, may “be made to come back to the country to properly account for recoveries and sale of properties that may have happened under his tenure”.

It has been alleged in some quarters that Lamorde mismanaged the recovered funds.