FEDERAL GOVERNMENT BEGINS RECONCILIATION OF RECOVERED LOOTED FUNDS

The Minister of Finance, Kemi Adesosun has said that the Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has provided details of funds recovered from looters and that reconciliation has commenced.

This followed a letter she wrote to Magu, last month requesting details of deposits of such funds in view of the fact that the figures the EFCC told the public had been recovered, were in contrast to the figures with the Office of the Accountant-General of the Federation.

According to a statement by the minister’s Special Adviser on Media, Yinka Akintunde, 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.

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