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Adeosun clarifies letter to Magu on EFCC recovered funds

EFCC recovered funds

Adeosun clarifies letter to Magu on EFCC recovered funds

Minister of Finance, Mrs. Kemi Adeosun, has reacted to media information regarding EFCC recovered funds, in her letter to the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Adeosun’s Media Adviser, Mr. Oluyinka Akintunde, made the confirmation in a statement in Abuja yesterday clarifying the intent of the memo allegedly misrepresented in the media to mean that she was probing the EFCC boss.

“The attention of the Minister of Finance, Mrs. Kemi Adeosun, has been drawn to media reports misrepresenting her innocuous letter to the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, on cash recoveries by the Federal Government.

The minister wishes to state explicitly that the letter, dated February 9, 2018, was a standard letter aimed at improving controls over the recovered funds.

“There is no ulterior motive behind the letter as alleged in some media reports but to enable the reconciliation and harmonization of the figures on recovered funds by the government.

“For the avoidance of doubt, the EFCC has subsequently provided the requested information and reconciliation is ongoing,” the statement said.

 

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