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EFCC prosecuted 1,000 suspects in two years -Ribadu

Posted by By Our Correspondent on 2006/09/10 | Views: 580 |

EFCC prosecuted 1,000 suspects in two years -Ribadu


The Chairman of the Economic and Financial Crimes Commission, Malam Nuhu Ribadu, on Saturday said that the commission had prosecuted no fewer than 1,000 corrupt Nigerians as in two years.

The Chairman of the Economic and Financial Crimes Commission, Malam Nuhu Ribadu, on Saturday said that the commission had prosecuted no fewer than 1,000 corrupt Nigerians as in two years.

Ribadu made the disclosure in a paper entitled, ``Corruption: Myth or Reality‘‘ at the convocation of the Federal Polytechnic, Bauchi.

He said the fight against corruption had yielded results.

Ribadu said the commission had also ensured the conviction of 82 persons for corrupt practices. The commission recovered assets worth more than five billion dollars and more than N500 billion recovered from fraudulent persons and others.

More than N200 million was recovered from the failed banks, N30 billion recovered as unpaid custom duties, and 242 million dollars from the celebrated Brazilian Bank scam, he said.

EFCC has brought vibe and focus to the whole fight in the last three years,‘‘ he said.

He said federal government was committed to building a sanitised and corrupt-free society and added that efforts had been intensified to investigate activities of politicians.

'We have intensified our investigation of politicians, business moguls and those aspiring to sensitive public offices,‘‘ he said.

Ribadu said the commission has beamed its searchlight on governors, ministers and local government chairmen as it was currently investigating governors of Adamawa, Plateau, Taraba and Zamfara States.

He said a standing group of 27 members drawn from the private sector, civil society and public sector had been constituted to implement transparency issues on revenue from oil, gas and solid minerals.

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