EFCC Debunks Being in Critical Financial Status

The Economic and Financial Crimes Commission (EFCC) described the recent media reports about its critical financial status, with an account balance of less than N2 million, as completely false.

In statement issued on December 18, 2013, Wednesday, by EFCC spokesperson, Wilson Uwajaren, said the claim was a result of a ‘misinterpretation’ of a comment made by Mr. Emmanuel Adegboyega Aremo,
the commission’s board secretary, during a public hearing on a bill seeking the establishment of Nigerian Financial Intelligence Agency (NFIA) in Abuja on December 16, 2013, Monday.

“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 statement said.

Premium Times