News
EFCC Recovers N266bn from Debtors
The Economic and Financial Crimes Commission (EFCC) says it has recovered N226 billion from various debtors within the past one year.
A breakdown of this figure shows that N171 billion was recovered from bank debtors while N55 billion was recovered from individuals and organizations.
The head of operations EFCC Port Harcourt, Mr Hycienth A. Edozie said this in a paper he presented at a one day capacity building workshop on Raising Integrity Standards In Public Civil Service organized by the Rivers State Directorate of the National Orientation Agency (NOA) in Port Harcourt.
Mr Edozie also said that the commission instituted 400 cases in different courts while about 70 convictions were secured within the period under review.
He said that the commission also found 30 companies wanting on tax related offences, positing that these 30 companies will face prosecution in the court by January, 2010.
Meanwhile, the Economic and Financial Crimes Commission (EFCC) says its efforts in tracing and recovering looted funds stashed abroad by corrupt Nigerians is being hampered by the unco-operative attitude of some countries.
The commission’s head of operations in Port Harcourt, Mr Hycenth Edozie who said this in Port Harcourt also listed other factors inhibiting the commission’s operations to include, the slow justice system of the country outdated evidence law, constitution, immunity and absence of a non conviction base regime in asset recovery.
News
Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026
News
Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika
News
PH Traders Laud RSG’s Fire Safety Sensitisation Campaign
-
News2 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Featured5 days agoRSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
-
Featured5 days agoTinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
-
News5 days ago
Benin: FG Secures Release Of Nigerian Pastor
-
News5 days ago
NAF, US Officials Meet To Fast-Track Delivery Of Attack Helicopters
-
News5 days ago
Arrest Arise TV Crew Attackers Or Face Boycott, Journalists Tell Rivers Police
-
News5 days agoFast-Track Approval Of NDDC N1.75trn Budget, Group Begs N’Assembly
-
Sports2 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
