We recovered N1bn from one civil servant – EFCC chairman

Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said the agency recovered over N1bn from the bank account of a civil servant last week.
He stated this when he appeared before the Senate Committee on Finance at the National Assembly on Thursday.
Bawa said there were leakages that needed to be plugged in the ministries, departments and agencies (MDAs).
The Senate panel is probing the internally generated revenues of about 600 MDAs and to see their level of compliance with rules and regulations.
The EFCC chairman said as much as the country needed to generate revenue to finance various projects, more efforts should be put into plugging leakages in the system.
He said, “It is good for us to observe for now and wait for your committee to conclude its work so that whatever report you have and anyone that your committee decides, we are ready to take it up from there.
“We have recovered over N1bn sitting in the account of a civil servant last week.”
The EFCC chairman expressed worry that many government agencies had no audited reports since they were established.
Chairman of the finance committee, Solomon Adeola, representing Lagos West, said it was wrong for the MDAs to spend the revenue they generate and still obtained funding from the Federal Government.
He said, “The practice is for them to spend generated government revenues illegally while still collecting funds from the government that has to resorts to borrowing to fund them.”