The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has vowed that his commission would recover all public funds stolen in the guise of arms procurement in Nigeria.
Mr. Magu, who said the EFCC was making progress in the ongoing investigation, promised that all culprits in the arms procurement scandal would be brought to justice.
He made his intentions known in Abuja on Wednesday at the commemoration of the International Anti-corruption Day which had as theme, ‘‘Break the Corruption Chain’’.
‘‘Corruption is like a chain whose effect impacts various aspects of the society, undermines democracy and the rule of law, distorts markets, erodes quality of life, leads to human rights violations and fans the embers of terrorism and other threats to human security,’’ Mr. Magu said.
He said the EFCC had resolved to break the corruption chain in a fair, accountable and transparent manner, stating that the Commission had so far investigated a total of 1,881 cases within 2015 alone.
According to him, “Out of this figure, 280 cases were filed in courts and 78 convictions were secured. In this period also, eight interim and two final forfeiture orders were handed down by various courts on applications brought by the Commission”.