In an effort to give the anti-graft agency financial autonomy and an impetus to energize it, the Nigerian Senate has decided that the Economic and Financial Crimes Commission (EFCC) take two percent of recovered loots.
This reward will fully commence as soon as the amendment of the Act is completely set up. ‘’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 percent of whatever it recovers for its operational cost. We have big plans to ensure that things are working well for the EFCC,” said Chairman, Senate Committee on Anti-Corruption, Senator Chukwuka Utazi.
The Chairman further stated that the Senate was prepared to contribute its quota to the ongoing anti-graft corruption fight, which has led to the committee’s nationwide visit to offices of government agencies handling corruption–related cases.
