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EFCC says it is not broke

18 December 2013, 18:21

Abuja - The Economic and Financial Crimes Commission (EFCC) has refuted media reports claiming the agency is broke.

“The attention of the Economic and Financial Crimes Commission has been drawn to reports in some newspapers purporting that the Commission is broke and has less than N2 million in its coffers. The comment credited to the Secretary to the Commission, 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, is gross misrepresentation of what transpired at the event” the anti-graft agency stated in a press statement issued by its Media and Publicity unit.

The agency added that the N2million mention by Aremo was not in respect of the total financial health of the EFCC.

“The mention of N2 million 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.”

– CAJ News

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