We Don’t Keep Recovered Loots – EFCC

We Don’t Keep Recovered Loots – EFCC

The Economic and Financial Crimes Commission (EFCC), on Sunday assured that it does not keep funds or property recovered on behalf of the Federal Government.

In answer to a tweet on its official handle on Sunday on where the commission stored all recovered loot since it was created, the economic watchdog replied: “We do not store any recovered “loot.”

“All recovered monies are paid into the Consolidated Revenue Account of the Federal Government,” it added.

Prodded on about custody of non-cash recoveries and ensuring that they are not unjustly redistributed since those cannot be paid into the federal treasury, the commission said such “valuables and assets are disposed of.”

When that is to be done, the commission said “members of the public will be informed of any such auctions through various media.”