EFCC to get 2% from recovered loots —Senate

Following its role in the  anti- graft war, the Senate said yesterday that the Economic and Financial Crimes Commission, EFCC, would be empowered to keep two percent of recovered loots as soon as the amendment of the Act which set it up was completed.


Speaking during a nationwide visit to offices of government agencies handling corruption-related cases, Chairman, Senate Committee on Anti-Corruption, Senator Chukwuka Utazi, who led other members of the committee to Enugu State, 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.”

Utazi noted that the Senate was prepared to contribute its quota to the ongoing anti-corruption fight, which necessitated the committee’s nationwide visit to offices of government agencies handling corruption-related cases.