ADEOSUN CLARIFIES LETTER TO EFCC BOSS ON RECOVERED FUNDS, SAYS RECONCILIATION ONGOING

ABUJA, Nigeria – The Minister of Finance, Mrs. Kemi Adeosun has clarified her letter to Acting Chairman of the Economic and Financial Crimes Commission,(EFCC), Mr. Ibrahim Magu requesting information on the recovered funds and where they are domiciled.

In a letter to Magu, the minister had queried lack of harmony between records kept by the agency and in the media and records with the Ministry of Finance.

In a statement signed by Special Adviser to the Minister on Media and Publicity, Oluyinka Akintunde, the minister noted that the letter was without any ulterior motive against what is being circulated in the media.

“The Minister wishes to state explicitly that the letter dated 9th February, 2018, was a standard letter aimed at improving controls over the recovered funds. 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”, she said, adding that  the EFCC has subsequently provided the requested information and reconciliation is ongoing.

See full statement here

The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to media reports misrepresenting her innocuous letter to the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, on cash recoveries by the Federal Government.

2.   The Minister wishes to state explicitly that the letter dated 9th February, 2018, was a standard letter aimed at improving controls over the recovered funds.

3.   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.  

4.  For the avoidance of doubt, the EFCC has subsequently provided the requested information and reconciliation is ongoing.

Signed:

Oluyinka Akintunde

Special Adviser, Media & Publicity to the Hon. Minister of Finance

Federal Ministry of Finance

25th March, 2018