We’re not broke – EFCC now says

SAHARA REPORTERS The Economic and Financial Crimes Commission (EFCC) has denied newspaper reports that it is broke and has less than N2million in its corporate coffers. In a statement, the EFCC described the comment, reportedly made by the Secretary to the Commission, Mr Emmanuel Adegboyega Aremo, when he led a delegation to the public hearing…”
Editors Online
December 18, 2013 8:56 pm
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SAHARA REPORTERS

EFCC-Chairman-Ibrahim-Lamorde1-360x225The Economic and Financial Crimes Commission (EFCC) has denied newspaper reports that it is broke and has less than N2million in its corporate coffers.

In a statement, the EFCC described the comment, reportedly made by the Secretary to the Commission, Mr Emmanuel Adegboyega Aremo, when he led a delegation to the public hearing by the Senate Committee on Drugs, Narcotics and Financial Crimes on the Bill to establish the Nigerian Financial Intelligence Agency, as a gross misrepresentation of what actually transpired.

“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 had 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,” the statement said.

It added that Mr. 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 concluded.

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