Looters: Magu makes shocking revelation, says private jets, N980 billion worth of assets impounded

The acting Chairman of the Economic and Financial Crimes Commission, (EFCC ), Ibrahim Magu has made a shocking revelation that the Commission has impounded many private jets belonging to some powerful and influential Nigerians implicated in the looting of public funds.

According to him, the commission has been eventful in the last five years, noting that within the last five years, it has seized many proceeds of crimes included estates, ships, petrol stations, schools, hotels, shopping malls and pieces of jewellery and will soon expose the suspects behind the looting by charging them to court.

In a media briefing on Thursday, to mark the democracy day, Magu vowed that the Commission would not leave any stone unturned to ensure that pepertrators were brought to justice.

Magu said: “As you all know in your regular reporting the EFCC is not only ahead, it is clearly so. We are on course in all the cases we are prosecuting. Our scorecard in the area of conviction is 2,240 in the last five years.

“We have recovered assets in excess of N980billion and quite a large array of non-monetary assets like properties, estates, private jets, oil vessels, filling stations, schools; hotels; trucks and other automobiles; pieces of jewellery; plazas, shopping malls, electronics, among others,” the chairman announced.