Abdulrasheed Bawa, chairman of the Economic and Financial
Crimes Commission (EFCC), says his agency recovered over N1 billion from the
bank account of a civil servant last week.
Appearing before the senate committee on finance at the
national assembly on Thursday, Bawa said there are leakages that need to be
plugged in the ministries, departments and agencies (MDAs).
The senate panel is probing the internally generated
revenues (IGRs) of about 600 MDAs and checking to see their level of compliance
with rules and regulations.
The EFCC chairman said as much as the country needs to
generate revenue to finance various projects, more efforts should be put into
plugging leakages in the system.
“It is good for us to observe for now and wait for your
committee to conclude its work so that whatever report you have and anyone that
your committee decides, we are ready to take it up from there,” he said.
“We have recovered over N1 billion sitting in the account of
a civil servant last week.”
Bawa expressed worry that many government agencies do not
have audit reports since they were established.
On his part, Solomon Adeola, chairman of the finance
committee, said it is wrong for MDAs to spend the revenue they generate and
still obtain funding from the federal government.
“The practice is for them to spend generated government
revenues illegally while still collecting funds from the government that has to
resorts to borrowing to fund them,” the senator representing Lagos west said.
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