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Adeosun Clarifies Letter to EFCC Boss on Recovered Funds

The Minister of Finance, Mrs. Kemi Adeosun, has clarified the letter written to the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu saying on cash recoveries by the Federal Government.

In a terse statement issued on Sunday, Adeosun said the letter was without any ulterior motive.

“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 harmonization of the figures on recovered funds by the Government.

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

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