Ibrahim Magu, Acting Chairman, Economic and
Financial Crimes Commission, EFCC, on Wednesday, April 25, 2018 told the House Committee
on Public Accounts and Finance that the Commission does not generate revenue or
get any percentage on assets recovered or forfeited to government.
“All recoveries by the Commission are paid
into the consolidated revenue fund account after due processes had been
followed”, he added.
Magu made the clarification while responding
to issues raised by the committee regarding revenue generation by the
Commission as well as assets recovered or forfeited to the government through
its efforts.
The EFCC boss was at the lower chamber to
present report on financial activities of the Commission covering 2015 and 2018
to the House Committee on Public Accounts and Finance.
Magu, while praying for a united front said,
“We are partners in progress as our roles are intertwined. This is the first
time EFCC is appearing before the Committee and we are ready not only for our
weaknesses to be exposed but to support the Committee in any area of assistance
needed to move the country forward".
According to him, the hearing was a good step
in the right direction as it would help put government agencies on its toes and
further reduce the burden of work of the EFCC.
He added that the EFCC would create a
desk to deal with enquiries raised by the Committee and also provide avenue for
dealing with issues expeditiously.
Kingsley Chinda, Chairman, House Committee on
Public Accounts and Finance, commended the EFCC for its prudence and commitment
to the fight against corruption.
Chinda, while explaining the responsibilities
of the Committee said, “We are looking at monies entrusted to public agencies
including EFCC, to see the extent the funds have been utilized and what value it
had added to the Nigerian society”.
According to him, the EFCC and the National
Assembly had crucial roles to play towards ensuring transparency and
accountability in the handling of government funds, and for the fight against
corruption to be won.
Documents presented at the sitting include:
Background Review Document on the Activities of the EFCC submitted to the House
of Representatives on Public Accounts, 2018; Detailed Financial Information;
List of Capital Projects Executed and Ongoing; Evidence of Submission of the
Account of the Audited Account to the Auditor General; Income/Expenditure Profile
January 2015/February 2018 and Contract Files with respect to the Head Office
Complex as well as the EFCC Nominal Roll.
Some of the 46 member committee present at
the sitting include Hon. Dutse Abdullahi, Babatunde Kolawole, T. J. Yusuf, Rimande
Shawulu and Jisalo Zaphaniah.
Also in attendance were representatives of
the office of the Auditor General and Accountant General as well as top
Management Staff of the EFCC.
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