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Senate OKs EFCC to keep 2% of recovered loot

The Nigerian Senate, yesterday indicated that the Economic and Financial Crimes Commission, EFCC, would be empowered to keep two percent of recovered loots as soon as the amendment of the Act which set it up was completed.

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Senator Chukwuka Utazi, Chairman, Senate Committee on Anti-Corruption, who led other members of the committee to Enugu State Speaking during a nationwide visit to offices of government agencies handling corruption-related cases, said the bill for an act to amend EFCC laws will be passed next week.

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‘’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.”

Utazi noted that the Senate was prepared 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

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