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Finance minister clarifies letter to EFCC on recovered funds


Minister of Finance, Mrs Kemi Adeosun. PHOTO: CNBC Africa

Finance Minister, Mrs. Kemi Adeosun, has confirmed the flag-off of reconciliation figures of assets and monies recovered from corrupt officials in the country by the Economic and Financial Crimes Commission (EFCC) from 2015 to date.

The reconciliation followed the request by the minister in a February 9, 2018 memo to the Acting Chairman of the EFCC, Mr. Ibrahim Magu, on the need to harmonise the recovery figures in view of different figures peddled in the media.

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 harmonisation 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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