Fidelity bank card banner Emerald Energy Institute Camano banner

EFCC guilty of budgetary abuse: Senate •Anti-graft agency budgets N17.2bn for 2017

By Mayowa Okekale, Abuja on 21/02/2017

Gmail icon

Views: 1,720

•EFCC Acting Chairman Ibrahim Magu.
•EFCC Acting Chairman Ibrahim Magu.

The Senate Committee on Anti-Corruption and Financial Crime has accused the Economic and Financial Crimes Commission (EFCC), of abusing the process of getting funds from the Service-Wide Votes.

Appearing before the Senate Committee to defend his agency’s 2017 budget, Acting EFCC Chairman, Ibrahim Magu, told the lawmakers that the EFCC approached the presidency and secured an additional 1.8 billion Naira from the Service-Wide Votes.

The Committee Chairman, Senator Chukwuka Utazi, however expressed displeasure at the EFCC for failing to inform lawmakers of the extra budgetary allocation.

The EFCC is seeking a budget of N17.2 billion for 2017. Magu told the Senators that this represents an 8.5% decrease in the total proposed budget of the Commission from N18.8 billion in 2016.

He noted that the Commission has increased personnel cost arising from the on-going recruitment of 1,500 new cadets approved for 2016 and 2017. ‎

He urged the Committee to increase the capital allocation by an additional N1.7 billion to accommodate the cost of the additional work in the construction of the Commission's new head office complex which was not in the original contract bill. ‎

‎The EFCC boss lamented that inadequate funding continues to hamper the Commission ability to implement the projected plans.

‎Speaking on the performance of the 2016 appropriation, he said the Commission achieved over 95.11% utilisation in all the categories of funds appropriated for it. 

‎He added that the Commission realised the sum of N1.2 million as independent revenue from the tendered fees in the course of the 2016 financial year, stating that this was remitted to the consolidated revenue fund. ‎

Senator Utazi, while expressing the readiness of the Committee to support the EFCC in the discharge of its statutory duties, noted that there was need to assess 2017 budget details with a view to ensuring that the EFCC is strengthened.

‎‎He said that the essence of the Committee’s oversight functions so far had been to know the challenges facing the EFCC.

•Additional reports by Channels TV.

Source News Express

Posted 21/02/2017 12:15:10 AM

 

 

CLASSIFIED ADS

 

You may also like...
Dismissed police officer, 13 others arrested for armed...

Lawyers warn EFCC against losing cases, condemn Fani-Kayode’s...

61 political parties reject INEC’s draft guidelines for...

INEC to employ Corps members with ‘Excellent Performance’...

Breaking News: Bomb explosion shakes Kaduna

I wish Governor Obi could have a third...

Court orders final forfeiture of Ex-NDDC Director’s property...

Nigerian Shippers Council to site dry port in...

Enugu Electric moves to check electricity bill manipulation...

El-Rufai meets Southern Kaduna traditional rulers, security operatives...

Africa needs game-changers like Awo, says ex-South African...

Brazil to inject $1.1b into Nigeria’s agriculture

 

Latest News UNILAG dismisses reports on MC Oluomo’s alleged presence at campus event Wike’s revenge and Atiku’s next move Dreaded Port Harcourt serial killer opens up in Police custody; recounts exploits in Rivers, Imo 6 Nigerians emerge as Fellows of African School on Internet Governance ‘Killer’ prophet paraded in Imo Presidential Battle: Buhari, Atiku, INEC splash billions at election tribunal Three notorious kidnap suspects nabbed in Abia Nigeria may not celebrate 100th independence anniversary — Bisi Akande Tipper driver absconds after killing two in Anambra Bayelsa Guber: Open Letter to Uncle Timi Alaibe Debt Controversy: Abuja court judgement fraudulent, says P&ID FG begins inspection of filling stations in Bayelsa to verify weights, measures of oil pumps

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (542,198 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,699 views) Shameless Genevieve Nnaji exposes breasts in public (390,129 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,084 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,195 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,929 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,168 views) 10 cars more expensive than Jets (238,809 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,859 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,856 views) Lagos plane crash: Journalist releases victims’ names (196,178 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,735 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,453) Business Verdict (80) Columnists (1,112) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (814) Global Business Monitor (445) ICT Monitor (63) International (3,966) Interview (203) Live Commentary (30) Love Matters (171) Maggie's Blog (414) News (51,534) Opinion (1,360) Pidgin (17) Politics (11,457) Religion (1,102) Sports (2,171) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera