• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘Fascinating..’ Reps uncover over N6bn unspent funds in EFCC

Rtn. Victor Ojelabi by Rtn. Victor Ojelabi
November 11, 2020
in General
0 0
0
House of Representatives 7 1140x570 1
perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The House of Representatives on Wednesday uncovered about N6 billion unspent funds in the coffers of the Economic and Financial Crimes Commission (EFCC), saying the commission may have gotten too many budgetary releases to the detriment of other agencies.

The Acting Chairman of the Commission, Mohammed Umar had told members of the House Committee on Financial Crimes that, out of about N32 billion budgeted for the commission for the 2020 fiscal year, about N24.99 billion was released by the government, while about N18.23 billion of the released amount has been fully utilized.

Umar however told the Committee that his Commission was not aware of the provision in the 2020 appropriation which granted them five percent of all monies collected by the Commission from recoveries for administrative purposes.

Umar said “total releases as at September 2020 was N24.99 billion representing 70.8 percent of the total appropriation. The release for personnel cost is N21.98 billion, overhead cost, N2.100 billion and capital of N1.36 billion. Out of the total releases, N18.23 billion representing 74.88 percent has been fully utilised.

“A breakdown of the 2020 performance report shows that N24.99 billion was appropriated as personnel cost for the Commission, out of which the sum of N21.397 billion has been released for the payment of salaries and allowances of staff between January and September, while the sum of N17.603 billion has so far been utilised as at the end of September 2020.

“The sum of N3.6 billion was appropriated for the Commission’s overhead cost in 2020 out of which N2.1 billion has been released as at 30th September. The sum of N1.22 billion has so far been utilised.

“Similarly, the sum of N4.09 billion was appropriated for the Commission’s capital budget out of which the sum of N1.638 billion has been released as at the end of September 2020. The procurement process of the 2020 capital project is still ongoing and the funds will be utilised as soon as the procurement process is over.

“N3.6 billion was proposed for overhead cost in 2020 and N2.1 billion released to you, while a total of N1.2 billion was utilised with a balance of N879 million and we are approaching the end of the year. Don’t you think there is a luxurious supply of funds, thereby denying other sectors getting enough money for their operations?

Some members of the Committee however observed that while other agencies of government were facing financial crisis, the EFCC was having huge unspent funds, even as one of the members, Abdulganiyu Olododo (APC, Kwara) insisted that the Commission must be transparent about how it has expended the money released to it.

Olododo said, “we want details of expenditure by the commission saying as one of the agencies respected and feared in the country, they need to be open and accountable in whatever they are doing.”

Other members of the Committee also observed that spending only N17 billion out of the N21 billion released to the Commission for personnel was a clear indication that the commission had more money with fewer personnel to pay.

Members of the committee also expressed concern over the poor release of capital budget to the agency, saying “If you look at your capital budget, you had a budget of about N4 billion and a release of N1.2 billion. This is one of the cardinal problems we have in this country where you have poor releases for capital

“We are almost at the end of the year and what that means is that you are not sure of getting 80 percent of your capital releases. We have to do something to shore up our capital releases because, without capital, we cannot develop.”

Responding to questions on what five percent granted to the Commission and ICPC from their financial recoveries as approved by the National Assembly and contained in the 2020 appropriation, Umar said “I don’t think that has been approved and we have not gotten anything outside the budgetary allocation and subsequent releases to the commission. The issue of five percent is not really approved as far as we are concerned.

However, Hon. Koko insisted that the Commission was entitled to the five percent from its collections, saying “Mr. Chairman, Appropriation is a law and for you to say it is not there, I will ask the Clark to get a copy of the amended appropriation and I will show you. Maybe you are not aware that the National Assembly approved that EFCC and ICPC be given five percent. There is a clause on that. I was the one that raised the motion then which was approved.”

But the EFCC boss also insisted that the commission was not aware of the provision and has never collected any such money apart from its allocation from the budget.

He said, “If you are talking of five percent in terms of monetary recoveries, I am positive that we have never received the five percent.”

Responding to a question from the Committee Chairman, Abdullahi Ibrahim Dutse (APC, Jigawa) on the approval granted the Commission to employ about 420 staff, he said “we were in the process of carrying out the employment before the Covid-19 set in and everything had to be suspended. That is why we have a balance of about N4 billion in our personnel be budget”.

He listed some of the challenges of the Commission to include the need for special courts to try corruption cases, the need to employ more personnel staff promotion as well as “security for our lawyers who complained that some of them are being kidnapped.”

On the poor releases of capital funds by the government, Umar said “that is something that is beyond our control.”

 

otunba victor profile picture scaled
Rtn. Victor Ojelabi

Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.

Related Posts

ABUBAKAR MALAMI PS
General

‘Created mayhem’ Malami accuses Nnamdi Kanu of hijacking EndSARS protest, killed security agents, others

by Freelanews
October 22, 2021
Lagos Ibadan Expressway construction scaled
General

‘Bearing weight’ Lagos-Ibadan expressway to be completed before end of 2022

by Rtn. Victor Ojelabi
January 27, 2022
MC Oluomo
General

‘Failed to show remorse’ NURTW sacks MC Oluomo, disbands Lagos State Council

by Freelanews
April 6, 2022
Don Jazzy
General

I no share money again, Don Jazzy announces

by Quadri Olaitan
April 17, 2023
Kogi governor Yahaya Bello
General

‘It’s your fault!’ Yahaya Bello blames Buhari over tanker explosion that killed 23 people

by Rtn. Victor Ojelabi
September 24, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
April 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
2627282930 
« Mar    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Professor Y.K. Ajao performing Juju music live

    Legendary Juju musician Professor Y.K. Ajao passes away

    0 shares
    Share 0 Tweet 0
  • UK court jails Nigerian couple in shocking £433k tax fraud

    0 shares
    Share 0 Tweet 0
  • Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

    0 shares
    Share 0 Tweet 0
  • BBNaija Liquorose breaks internet with stunning photos ahead of ex’s wedding

    0 shares
    Share 0 Tweet 0

Just Published!

IMG 20260417 WA0591

Adron Homes champions cultural heritage at Ibadan Cultural Festival 2026

April 17, 2026
WhatsApp Image 2026 04 17 at 6.59.31 PM

Speaker Obasa cites sports as a potent tool for instilling discipline, resilience in youth

April 17, 2026
Professor Y.K. Ajao performing Juju music live

Legendary Juju musician Professor Y.K. Ajao passes away

April 17, 2026
Nigerian Breweries

Nigerian Breweries highlights resilience, strong recovery as it approaches 80 years

April 17, 2026
Gunmen

Gunmen kidnap 14 JAMB candidates in Benue attack

April 17, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.