Nigeria Has Lost $217.7 To Corruption In The Last 38 Years- EFCC

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Speaking in Abuja on Wednesday, The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, declared that Nigeria has recorded illicit financial outflows of $217.7bn in 38 years, specifically between 1970 and 2008, said in Abuja on Wednesday.

The commission stated that the various investigations, arrests, prosecution and assets recoveries over the years had confirmed that the level of corruption in Nigeria had been truly staggering.

He expressed these views at a one-day conference organised by Online Publishers Association of Nigeria with the theme: “Free press and objective reporting in the 2019 election year.”

The EFCC boss said corruption in Nigeria was being perpetrated by individuals and groups both in the private and public sectors.

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