Thursday 19 December 2013

EFCC debunks reports on its financial status





Nigeria’s Economic and Financial Crimes Commission on Wednesday described as untrue recent newspaper reports that one of its officials said the Commission is broke and has less than N2million in its coffers.
In statement issued by Wilson Uwajaren, its spokesperson, the anti graft agency said the comment credited to the Secretary to the Commission, Mr Emmanuel Adegboyega Aremo who led a delegation of the EFCC to the public hearing by the Senate Committee on Drugs, Narcotics and Financial Crimes on the Bill to establish the Nigerian Financial Intelligence Agency on the issue is a gross misrepresentation of what transpired at the event.
“The mention of N2million by Aremo was not in respect of the total financial health of the EFCC, but a direct response to a remark by the Chair of the Committee, Senator Victor Lar, to the effect that his committee observed during an oversight visit to the Nigerian Financial Intelligence Unit, NFIU that it has no power generating set while its ceiling had caved in.
“To this, Aremo remarked that the Commission had complained to the Committee during the visit on the state of its finances and that the situation has not improved.
“The comment has no bearing whatsoever on the operations of the Commission, ” the Commission said.
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