[News] : Proposed budget for EFCC in 2017 inadequate – Magu

The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, on Monday encouraged the Senate to increment budgetary portion to the commission to capable it work viably.

Mr. Magu made the supplication in Abuja while guarding the commission’s 2017 spending plan before individuals from Senate Committee on Anti-Corruption and Financial Crimes.

He called attention to that the commission’s 2017 proposition had been diminished by the Budget Office from N18.8 billion in 2016 to N17 billion, speaking to 8.5 for every penny cut.

He said that if the 2017 assignment was not expanded, operations of the commission would be hampered.

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Mr. Magu said that the 2017 capital use was N7.1 billion, overhead, N3 billion, while faculty cost was N7 billion.

He asked the board of trustees to expand the faculty cost from N7 billion to N9.7 billion to suit the proposed enrollment of 750 cadets in 2017 and the 530 as of now selected in 2016.

He additionally called for dire finishing of the commission’s head office in Abuja, saying that its present office game plan was blocking successful operations.

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In his comments, Chairman of the board of trustees, Sen. Chukwuka Utazi, complimented the EFCC for its endeavors in the battle against debasement.

He, be that as it may, encouraged authorities of the commission to put in their best to spare Nigeria from dangerous inclinations of debasement.

Mr. Utazi prompted the commission to interface with the National Assembly and have a decent correspondence relationship.

He questioned the general introduction of the commission’s financial plan and advised it against hurrying to the administration dependably to look for additional assets or intercession.

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He kept up that 2016 spending execution was not legitimately processed as the rate of execution was not shown.


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