Letter to Magu aimed at controls over recovered funds, says Adeosun

Finance minister Kemi Adeosun has described as harmless and
innocuous her letter to the Acting Chairman of the Economic and
Financial Crimes Commission (EFCC) requesting for the whereabouts
of cash recoveries made by the EFCC.

According to statement issued last night by the finance minister
and signed by Oluyinka Akintunde, Special Adviser, Media and
Publicity to the Minister of Finance, the minister said the media
reports misrepresented 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.”

Adeosun stated “explicitly that the letter dated 9th February,
2018, was a standard letter aimed at improving controls over the
recovered funds.”

She emphasized that “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.”

The EFCC she said “has subsequently provided the requested
information and reconciliation is ongoing.”

On the 9th of February, 2018, Kemi Adeosun had asked the Acting
Chairman of the EFCC, Magu, “to provide records of cash assets
recoveries in the custody of the EFCC from March 2015 till date
based on information available to the office of the AGF.”

She specifically requested that the EFCC boss “clarify where
these cash recoveries have been deposited and provide accompanying
evidence since the use of the recovery figures in media reports by
the EFCC do not reconcile with the records of the ministry.

Finance minister Kemi Adeosun has described as harmless and
innocuous her letter to the Acting Chairman of the Economic and
Financial Crimes Commission (EFCC) requesting for the whereabouts
of cash recoveries made by the EFCC.

According to statement issued last night by the finance minister
and signed by Oluyinka Akintunde, Special Adviser, Media and
Publicity to the Minister of Finance, the minister said the media
reports misrepresented 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.”

Adeosun stated “explicitly that the letter dated 9th February,
2018, was a standard letter aimed at improving controls over the
recovered funds.”

She emphasized that “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.”

The EFCC she said “has subsequently provided the requested
information and reconciliation is ongoing.”

On the 9th of February, 2018, Kemi Adeosun had asked the Acting
Chairman of the EFCC, Magu, “to provide records of cash assets
recoveries in the custody of the EFCC from March 2015 till date
based on information available to the office of the AGF.”

She specifically requested that the EFCC boss “clarify where
these cash recoveries have been deposited and provide accompanying
evidence since the use of the recovery figures in media reports by
the EFCC do not reconcile with the records of the ministry.