Umar says he never knew EFCC is entitled to 5% of recovered cash

Umar says he never knew EFCC is entitled to 5% of recovered cash

- Mohammed Umar, the EFCC boss has been updated about the financial entitlement available to the agency through recovered loot

- Members of the House of Reps told Umar that the EFCC is financially sufficient

- The lawmakers asked the agency to make its monetary records open and accountable

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Mohammed Umar, the acting head of the Economic and Financial Crimes Commission (EFCC) has reacted to reports that the agency is entitled to 5% of the money it recovers from its convicts.

Umar says he never knew EFCC is entitled to 5% of recovered cash

Umar attended the budget defence session in the company of other EFCC officials. Credits: @HouseNGR
Source: Twitter

The acting EFCC boss told the House of Representatives committee on financial crimes that he was never aware of the provision of the law on the matter, The Nation reported.

Umar made the statement on Wednesday, November 11, when he appeared before the committee at a budget defence session.

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Some committee members noted that the EFCC was having huge unspent funds when other government agencies were facing financial crisis.

He said:

"We want details of the expenditure by the commission. As one of the agencies respected and feared in the country, they need to be open and accountable in whatever they are doing.

Abdulganiyu Olododo, one of the lawmakers on the committee urged the EFCC to be transparent about its spending.

In another report, the former chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has been questioned by the EFCC over allegations of fraud.

According to The Cable, Fowler was invited on Monday morning, November 2, over an ongoing investigation involving a tax firm under his watch.

Fowler is being interrogated over an alleged N100 billion tax evasion grant to a consulting firm.

In another news report, a group, Follow The Money has called for the Independent Corrupt Practices and other Related Offences Commission (ICPC) and EFCC to investigate federal government agencies responsible for the acquisition and distribution of COVID-19 palliative relief materials.

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The leading social accountability initiative has been tracking intervention funds and materials disbursed to state governments to cushion the impact of the pandemic.

The group said the states had assured that palliatives were distributed accordingly, even though they refused to provide details of distribution and evidence of the same.

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