The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, said the that EFCC had so far recovered $100 million from Integrated Logistics Services (INTELS) on behalf of the Nigerian Ports Authority (NPA), noting that the agency does not make recoveries for only the federal government, but all victims of fraud.
Bawa stated this on Thursday while speaking during the weekly Ministerial Briefing organized by the Presidential Media Team at the Presidential Villa, Abuja.
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He recalled that the Commission recovered a total of $100 million for the NPA from some of the outstanding remittances that INTELS was owing the country.
“We have made recoveries for victims of crimes and they can be individuals, local government, state government, federal government, corporate entities whether in Nigeria or outside Nigeria.
“There are also recoveries that are indirect recoveries. Just a couple of weeks back, we recovered $100 million for the Nigeria Ports Authority but the monies were paid into the account of NPA but through our efforts. Am I not going to record that we have recovered such an amount for NPA? Are you going to see it in the EFCC recovered account with the CBN? No. There are recoveries that are made directly into the EFCC account. It is through systems and processes.
“There is Department of asset forfeiture and recovery management department in EFCC responsible for collating all the data regarding recovered assets, assets on interest forfeiture and assets on final forfeiture as well as their location and of course their management.
“From the time I took over, we have recovered over N6 billion, over $161 million, over £13,000, €1,730, 200 Canadian dollars, CFA 373,000, ¥8,430.
“We have recovered 30 real Estate’s, one carpet, 13 electronics, one farm land, one factory, two motorcycles, one filling station and about 32 automobiles.”
