Tuesday, March 22, 2011
EFCC retrieves $ 9 billion - Waziri
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| waziri |
Chairman, Economic and Financial Crimes Commission, Mrs. Farida Waziri, noted its High Commission to be able to recover more than $ 9 billion in less than three years.
The Head, Media and Publicity of the commission, Mr. Femi Babafemi, said in a statement that the Commission's efforts under Waziri "led to the recovery of more than 9 billion USD in less than three years; a record of over 150, 1500 cases before the courts, including those over 60 high profile in the same period. "
The EFCC made the revelation during a conference against money laundering and economic crime in London, United Kingdom. She called for more global actions against the scourge of money laundering worldwide.
Waziri said that the dual approach of the EFCC in its fight against the menace of corruption, namely, prevention, detection and enforcement strategies have yielded positive results.
She noted that corruption was still drastically reduced because of Africa "double standard approach of developed countries."
While urging developed countries to do more in the fight against money laundering in their countries, it added that countries (developed countries) has provided safe havens for looted funds from developing countries.
The Head, Media and Publicity of the commission, Mr. Femi Babafemi, said in a statement that the Commission's efforts under Waziri "led to the recovery of more than 9 billion USD in less than three years; a record of over 150, 1500 cases before the courts, including those over 60 high profile in the same period. "
The EFCC made the revelation during a conference against money laundering and economic crime in London, United Kingdom. She called for more global actions against the scourge of money laundering worldwide.
Waziri said that the dual approach of the EFCC in its fight against the menace of corruption, namely, prevention, detection and enforcement strategies have yielded positive results.
She noted that corruption was still drastically reduced because of Africa "double standard approach of developed countries."
While urging developed countries to do more in the fight against money laundering in their countries, it added that countries (developed countries) has provided safe havens for looted funds from developing countries.
