Ibrahim Magu, the Acting Chairman of the Economic and Financial
Crime Commission, EFCC, has revealed where corrupt Nigerians invest the
proceeds of their loots.
The EFCC Czar disclosed that these corrupt Nigerians use the
proceeds of their loot to purchase real estates in Dubai and the United
Kingdom, UK.
Magu made the disclosure during the Nigerian Institution of Estate
Surveyors and Valuers (NIESV) workshop and was contained in a tweet on
the agency’s Twitter handle, on Friday.
The tweet reads, “Corrupt individuals are using proceeds of corruption to acquire real estate in Dubai, UK.” – Ibrahim Magu at NIESV workshop.”
Magu’s claim is coming at a time when Magu claimed that more than
N30 billion looted funds have been recovered since the commencement of
the whistleblowing policy.
The EFCC Chairman stated this yesterday at the launch of the
whistle-blower support project tagged, ‘Corruption Anonymous’ (CORA).