The Economic and Financial Crimes Commission (EFCC) has denied media reports on Tuesday that it was cash strapped and currently has less than N2 million in its account, describing the reports as a gross misrepresentation of facts and has no bearing whatsoever on the operations of the commission.
In a statement by its head, media and publicity, Wilson Uwujaren, titled “Financial Health of the EFCC” on Wednesday, the anti-graft agency said its attention has been drawn to the reports credited to the EFCC secretary, Emmanuel Adegboyega Aremo, while making submissions before the Senate Committee on Drugs, Narcotics and Financial Crimes on Monday.
“The comment credited to the Secretary to the Commission, Mr Emmanuel Adegboyega Aremo who led a delegation of the EFCC to the public hearing by the Senate Committee on Drugs, Narcotics and Financial Crimes on the Bill to establish the Nigerian Financial Intelligence Agency, is gross misrepresentation of what transpired at the event.
“The mention of N2 million by Aremo was not in respect of the total financial health of the EFCC, but a direct response to a remark by the chair of the Committee, Senator Victor Lar, to the effect that his committee had observed during an oversight visit to the Nigerian Financial Intelligence Unit, NFIU that it has no power generating set while its ceiling had caved in. To this, Aremo remarked that the commission had complained to the committee during the visit on the state of its finances and that the situation has not improved,” the