EFCC Acting Chairman Ibrahim Magu Gets New Appointment

Heads of Anti-Corruption Agencies in Commonwealth Africa on Friday rounded off its 8th Regional Conference with the appointment of Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission (EFCC) as its new chairman, with a resolve to strengthen cooperation and collaboration among member countries for the purpose of facilitating assets recovery and return.

This is contained in a communiqué issued at the end of its five-day conference held at Transcorp Hilton Hotel, Abuja.

The conference, with the theme, “Partnering Towards Assets Recovery and Return” among other things, expressed concern “about the heavy losses that Africa suffers as a result of illegal transfers of proceeds of corruption and crime out of Africa” and stressed the need for synergy among member countries to combat illicit financial flows.

It called on “African countries to strengthen cooperation and partnership in the tracing, recovery and return of assets in accordance with Article 54 of the United Nations Convention against Corruption and Article 16 of the African Union Convention on Preventing and Combating Corruption”.