Money Collected From Looters Can Feed All Nigerians For 5 Years, Says EFCC

Acting EFCC Boss

By Dipo Awojobi – The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said that the funds looted from Nigeria in the last five years is enough to fund three years budget of the country.EFCC Logo

Mr. Magu spoke during an informal meeting with Nobel laureate, Professor Wole Soyinka in Ikeja, Lagos State.

Magu used the occasion of the meeting to discuss his plans for a renewed clampdown on corrupt officials in Nigeria.

Earlier at the meeting, Professor Wole Soyinka bantered with the EFCC chairman, at one point wishing him “good luck, but not that other one.”

Mr. Magu was accompanied by some of his aides.

The Nobel laureate expressed his unfettered support to Mr. Magu, urging him to do all the right things necessary to arrest the culture of impunity and corruption in the country.

Soyinka remarked about the probe of procurement contracts for the military and the arrest of former National Security Adviser, Sambo Dasuki.

He also made reference to former Petroleum Minister, Diezani Alison-Madueke, who is currently in the UK undergoing treatment for cancer, stating that her health had been used to milk public sympathy.


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