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EFCC To Keep 2% As Commission For Recovered Loots

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[caption id="attachment_13768" align="alignnone" width="699"]Ibrahim Magu, EFCC Acting Chairman[/caption]

The Economic and Financial Crimes Commission (EFCC) will henceforth keep two percent of recovered loots as commission, as soon as a bill for an Act to amend the EFCC laws is approved by the Nigerian senate.

The bill seeks to also empower the Anti-graft agency to enable it auction assets seized by the commission from abusers of public offices.

THE WHISTLER recalls that the Acting Chairman of the EFCC, Ibrahim Magu, had called for a review of Nigerian laws to enable the EFCC and other anti-graft agencies keep part of loots recovered from abusers of public offices to enable them run their operations smoothly.

Chairman, Senate Committee on Anti-Corruption, Senator Chukwuka Utazi, during a nationwide visit to offices of government agencies in charge of anti-corruption, said, “There is a bill for an Act to amend the EFCC laws. We will pass the bill next week.

‘’We have made provisions for the EFCC to auction seized assets. We have also made provisions for special funding for the EFCC. Going forward, the EFCC will keep two per cent of whatever it recovers for its operational cost. We have big plans to ensure that things are working well for the EFCC,” he added.