The Economic and Financial Crimes Commission (EFCC) has revealed that all the looted funds recovered by it are paid into the consolidated revenue account of the Federal Government.

The commission made this known on its Twitter handle, @officialefcc in response to a question from one of its followers.

In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we sharing our recovered looted money’’.

EFCC then tweeted a reply: “Recovered funds are paid into the consolidated revenue account of the Federal Government.’’

The News Agency of Nigeria (NAN) reports that a section of the public has been raising questions about where crime proceeds recovered by the commission are kept.

The EFCC also said there was no hiding place for looters, including those who travel abroad to evade the arm of the law.

“Our network of partners includes the FBI (Federal Bureau of Investigation) and other international law enforcement agencies. Perpetrators cannot hide forever. Send a petition,’’ it said in response to an enquiry by one Biyi Soremekun.

Using the handle @adebiyie200, Soremekun had asked what would happen in a situation where an individual travels out of the country after perpetrating fraud.


The commission advised victims and members of the general public to forward their petitions through its offices nearest to them, adding that they could do so anonymously.