Recovered Cash: Kemi Adeosun clears air on letter to Magu

Nigeria’s Finance Minister Kemi Adeosun

Nigeria’s Finance Minister, Kemi Adeosun has clarified the misinterpretations given to the letter sent to the EFCC acting chairman, Ibrahim Magu.

In a statement signed by Oluyinka Akintunde, Special Adviser, Media & Publicity to Adeosun, the letter was aimed at improving controls over recovered funds.



“The attention of the Honourable 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,” Akintunde said.

Noting that, “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.

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She stressed 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.

She went on to explain that the anti-graft agency has provided the information sought. “For the avoidance of doubt, the EFCC has subsequently provided the requested information and reconciliation is ongoing,” the statement said.