Economic and Financial Crimes Commission (EFCC), Acting Chairman Ibrahim Magu, revealed that about 60 per cent of funds looted by former public officers is in Nigeria.
He added that the request for the extradition of a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, was not intended to cause a diplomatic row between Nigeria and the United Kingdom.
Magu said: “Yes; 60 % of the looted funds are still in the country. This is why I called you to collaborate with me to expose them and to arrest them. We cannot do it alone; how many of us are in EFCC? There are about 180m Nigerians; how many of us are working here? I want to appeal to all law enforcement agencies to collaborate with us.
“Everybody must fight corruption, every Nigerian must join the fight against corruption, especially other law enforcement agencies. That was the reason we were established.
“More than 80 per cent of recovered loot recoveries outside this country are still hanging. Why is it hanging? Why is it so difficult to repatriate this money when you have established that this money came from Nigeria. And you know that this person does not own this money.
“There is no justification for such. It is no small money. We have over $370 million hanging in Jersey Island in the UK.”