EFCC Hands Over N111m Recovered Loot To Kwara Govt
The Ilorin zonal office of the Economic and Financial Crimes Commission on Friday handed over the sum of N111,428,891.00 cash which it recovered as looted funds from politicians and Civil Servants in Kwara State.
The state Zonal Head of the EFCC, Mr Isyaku Sharu, during the handover of the drafts for the funds to the state governor, Mallam Abdulrahman Abdulrazaq, in his office said that the amount was part of the money recovered for the state government from the treasury looters.
Sharu said that the commission which started work in the state in February this year at the zonal office had achieved a lot in terms of recovery and conviction of corrupt individuals.
He said, “We have 29 convictions and over N500 million (five hundred million naira) recovery of both assets and cash, part of this recovery is the N111, 428, 891.00 cash recovery for the Kwara State government.
“This recovery is from suspected Kwara state treasury looters. The suspects alleged to have criminally misappropriated landed properties of Harmony holdings while other diverted funds meant for the micro, small and medium credit scheme. The suspects cut across political office holders, traditional rulers and top civil servants,” he revealed.
Sharu stated that he was mandated by the Chairman of the Commission, Mr Ibrahim M. Mangu, to present the draft of the cash recovered as part of their contribution in getting rid of economic and financial crime-related offences in the state and promised their continued support to the state.
In his response, the Governor 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.
“We are overwhelmed because history is being made in Kwara State with the return of our money recovered by the EFCC especially now that there are many projects to embark on.