The Chairman of Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa yesterday disclosed that the anti-graft agency last week recovered over N1 billion cash sitting in one bank account from a civil servant.
The EFCC boss made this disclosure while appearing before the Senate Committee on Finance investigating the Internally-Generated Revenue and payment of 1% Stamp Duty by contractors on all contracts awarded by MDAs between 2014-2020.
His words: There are a lot of leakages we need to block, it is not about generating revenue, we have recovered over a billion from a civil servant sitting in an account last week.
Bawa, however, applauded the Senate Committee of Finance for its investigations, saying he would have been happy to go away with one of the heads of agencies immediately from the revelations that the Committee unearthed in course of observing the documents presented by the agency.
According to him, as part of setting an example for blockage of leakages, since he assumed office, he has created 4 new departments in EFCC, two of which, namely: the Procurement Department and the Internal Audit, are to ensure that due process is followed and that there are no audit queries, adding that other MDAs can copy the template of the EFCC.
He stressed that he would be ready to partner with the committee as the process goes on and hopefully get the report of the committee for further action.
