N112 Million recovered treasury loot has been presented by The Economic and Financial Crime Commission (EFCC) to the Kwara state Governor, Mr Abdulrahman Abdulrazag.
The Head of the Ilorin office, Isyaku Sharu at the presentation said the Zone which started its operations in February has achieved a lot in terms of assets recovery and conviction of corrupt individuals.
His statement read:
“We have 29 convictions and over N500million (five hundred million naira) recovery for both assets and cash; part of this recovery is the N111, 428, 891.00 cash recovered for the Kwara state government.
“This recovery is from suspected Kwara state treasury looters. The suspects allegedly misappropriated landed properties of Harmony Holdings while others diverted funds meant for micro small and medium enterprises credit scheme. The suspects cut across political office holders, traditional rulers and top civil servants,”
Mr Sharu so made mention of the instructions given to him by the acting chairman of the Commission, Ibrahim Magu to present a draft for the recovered fund, while assuring of the agency’s steadfastness in ridding the state of all acts of corruption and other economic crimes.
Governor Abdulrazaq, in his response, thanked the EFCC and disclosed that the cash will be used for the social investment programme in the state to lift poor people out of poverty.
Governor Abdulrazag statement read:
“We are overwhelmed because history is being made in Kwara state with the return of our monies recovered by the EFCC especially now that there are many projects to embark on.
“As we promised to replicate the federal government social investment programmes, this cash would be used for that programme and we will make our people realise that the seed money for social investment programme, before we came into power, was also recovered.
“We would let our people know that it is the money realised by the EFCC we are giving them so that they can pay back when they get the loan. It will help to lift thousands of people out of poverty,” .
