The Senate has disclosed that it would empower the Economic and Financial Crimes Commission (EFCC) to keep two percent of recovered loots as soon as the amendment of the Act which set it up was completed.
This disclosure was brought to light by the Chairman, Senate Committee on Anti-Corruption, Senator Chukwuka Utazi, during a nationwide visit to offices of government agencies handling corruption-related cases on Thursday, November 17.
“There is a bill for an Act to amend the EFCC laws. We will pass the bill next week.
‘’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 per cent of whatever it recovers for its operational cost. We have big plans to ensure that things are working well for the EFCC,” says, Utazi, while leading other members of the committee to Enugu State.
The chairman also added that the Senate was willing to contribute its quota to the ongoing anti-corruption fight, which necessitated the committee’s nationwide visit to offices of government agencies handling corruption-related cases.