EFCC records 80 convictions in eight months, recovers N6.5b, $19.2m

The Economic and Financial Crimes Commission has charged 368 cases to court and recorded 80 convictions at the end of August, 2013.
Within the same period, the Commission recorded the following recoveries: N6,583,108,350; $19,251,519; 20,520 Euros; and 19,000 Pounds Sterling.
Beyond the recoveries, the EFCC, according to a statement on Tuesday, intensified the prosecution of politically exposed persons, failed bank executives, captains of industries, beneficiaries of fraudulent oil subsidy payments and senior civil servants involved in pension fraud.
A number of cases for which investigations have been concluded, would be charged to courts across the zones where the Commission maintains offices as soon as the courts resume from recess.
Meanwhile, the Commission said it deplores attempts by mischievous elements to distract it by imputing political motives to some of its investigations.
The statement said the Commission will not be cowed by such insinuations, which are clearly unfounded.
Nigerians, the Commission said, can be assured that only those who run foul of the law have reason to entertain the fear of the EFCC.