$370 million recovered loot still is in the UK – EFCC boss

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has revealed that over $370 million recovered loot is still hanging in the United Kingdom (UK) for reasons unknown to the anti-graft agency.

Magu also stated that he had no plans to destroy the relationship between Nigeria and the UK, stating that the commission was only concerned about the extradition of for Nigeria’s Petroleum Minister, Diezani Alison- Maduekwe

Magu spoke yesterday in Abuja during an interaction with journalists.

The EFCC boss, however, stated that he had no intention of destroying the relationship between Nigeria and the UK, stating that the commission was only concerned about the extradition of for Nigeria’s Petroleum Minister, Diezani Alison- Maduekwe.

The EFCC boss, who wondered why more than 80 percent of recovered loot from outside Nigeria has been difficult to repatriate, said: “Ask them why are they still hanging, why is it so difficult to repatriate the loots when you know that this person does not own this money? There is no justification.

“This is not small money, we have over $370 million hanging in Jessy highland in UK. We are going to comply with the court order because it is in our character to comply with court orders. I have less than 72 hours to produce Diezani but how can I do that when she is being protected by other law enforcement agencies outside Nigeria. This is my predicament.”

Magu also said a total of N794 billion had been recovered by the EFCC from persons who allegedly looted the country’s treasury.

He also revealed that 407 mansions were seized, out these, 126 were forfeited to the Federal Government.