Why I wrote Magu on recovered funds, by Adeosun

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The attention of the 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.

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.

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

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