Speaker of the House of Representatives, Hon. Aminu Waziri Tambuwal has stated that the Economic and Financial Crimes Commission,  EFCC has since inception in 2003 confiscated 200 mansions, over 400
cars and other properties worth over N2 trillion from suspected offenders.

Ibrahim Lamorde, EFCC Chairman

Ibrahim Lamorde, EFCC Chairman

Coming on the heels was the disclosure by the chairman of the National Drug Law Enforcement
Agency (NDLEA), Mallam Ahmadu Giade claims that the agency transferred over N90 billion cash and 70 cases to the EFCC between 2006 to date for prosecution.
Declaring opened a 3-day public hearing on the status of all assets seized and recovered by the EFCC since inception, Tambuwal said the  House decided to investigate the seizures because there are reports
that some of these assets and properties cannot be accounted for.  Represented by the deputy leader,

Hon. Leo Ogor, Tambuwal said “I have learnt that between 2003 and now, the Economic and Financial Crimes Commission (EFCC) has confiscated over 200 mansions and large sums of money through 46 forfeiture court orders. These landed property, monies, and business concerns which were estimated to be worth in excess of two trillion naira, included bank accounts, shares in blue chip companies,    exotic    vehicles,    fuel    stations, holdings, warehouses, shopping malls.

“We have reports that some of these properties have fallen into disrepair and that some cannot even be accounted for. Indeed, the status of these assets and the lack of clarity about their use while
in litigation are part of the reasons why we are holding this Hearing”, he stated.

In his presentation at the public hearing, chairman of the NDLEA, Ahmadu Giade disclosed that between 2006 and 2013, the agency transferred N27.822 million, $2.822 million US Dollars, 20, 300 British pounds and 11,261 Euro to the EFCC.
According to him, the NDLEA also handed over to the EFCC includes 33,000 Korean won, 7.124 million fake US dollars, 93 million CFA, and 948,487 fake pounds.