The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu on Thursday said the agency is passing through difficult times as many corrupt politicians used their corruption proceeds to frustrate investigation and eventual prosecution.
Mr Magu, who made the submissions in an address at the 3rd African Anti-Corruption Day in Abuja organised by the EFCC, said however that the commission was determined to lead the fight against corruption in the country.
Magu said:” The forces we are against are powerful because they have a lot of stolen funds with them and enough resources to frustrate investigation and prosecution.
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“But we are determined to lead the fight against corruption.”
He expressed regrets that it has been difficult to repatriate stolen funds and assets in safe havens abroad.
Mr Magu said although looted funds and assets have been stashed in safe havens abroad, it has been difficult to repatriate the loot.
He said: ”To get these funds and assets back has become a problem. ”
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