EFCC Seeks N’As­sem­bly’s Ap­proval to Re­tain 7% of Re­cov­er­ies

NLRC op­poses com­mis­sion’s re­quest

THISDAY - - NEWS EXTRA - James Emejo in Abuja

The Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC) yes­ter­day urged the House of Rep­re­sen­ta­tives to ac­cord the agency pow­ers to re­tain seven per cent of all its re­cov­er­ies from pro­ceeds of crimes which are as­sets al­legedly owned by cor­rupt pub­lic of­fi­cials.

Sec­re­tary to the EFCC, Mr. Em­manuel Aremo who rep­re­sented the Com­mis­sion’s chair­man, Mr. Ibrahim Magu, made the plea to the law­mak­ers at a one-day pub­lic hear­ing on four bills on the pro­posed amend­ments to the EFCC Act 2004.

The anti-graft agency in a po­si­tion pa­per on the amend­ments to the House Com­mit­tee on Eco­nomic and Fi­nan­cial Crimes said that the en­abling Act es­tab­lish­ing it should be amended to give it the pow­ers to re­tain seven per cent of re­cov­er­ies from pro­ceeds of crime by cor­rupt pub­lic of­fi­cials.

The EFCC boss added that the seven per­cent of re­cov­er­ies cur­rently be­ing pro­posed to be re­tained is still a far cry when com­pared to the per­cent­age of pro­ceeds of crimes be­ing re­tained by anti-graft agen­cies of other neigh­bour­ing African coun­tries, par­tic­u­larly Ghana which re­tains 30 per cent on a sim­i­lar sit­u­a­tion.

The agency also in­formed the law­mak­ers that it re­turned over N34 mil­lion to crime sus­pects who were later found to be un­war­ranted ar­rests in 2017 alone and as­sured of its readi­ness to re­turn ev­ery kobo il­le­gally taken with in­ter­est.

How­ever, op­pos­ing the agency’s re­quest, a com­mis­sioner at the Nige­ria Law Re­form Com­mis­sion (NLRC), Prof. Jum­mai Audi, re­jected the pro­posal for the re­ten­tion of 7 per cent of re­cov­ered con­fis­cated as­set monies from sus­pects and con­victs be­cause the EFCC ought to have a com­pre­hen­sive bud­get pro­posal from the out­set in such a way that it will not con­tem­plate the use of any con­fis­cated as­set or money or re­sources for its op­er­a­tions.

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