The House of Representatives on Wednesday recovered about N6 billion unspent funds in the coffers of the Economic and Financial Crimes Commission (EFCC), saying the commission may have gotten too much budgetary releases while other agencies starved.
The Acting Chairman of the Commission, Mohammed Umar had told members of the House Committee on Financial Crimes that, out of about N32 billion budgeted for the commission for the 2020 fiscal year, about N24.99 billion was released by the government, while about N18.23 billion of the released amount has been fully utilized.
Umar however told the Committee that his Commission was not aware of the provision in the 2020 appropriation which granted them five percent of all monies collected by the Commission from recoveries for administrative purpose.
He said: “Total releases as at September 2020 was N24.99 billion representing 70.8 percent of total appropriation. Release for personnel cost is N21.98 billion, overhead cost, N2.100 billion and capital of N1.36 billion. Out of the total releases, N18.23 billion representing 74.88 percent has been fully utilised.”
“A breakdown of the 2020 performance report show that N24.99 billion was appropriated as personnel cost for the Commission, out of which the sum of N21.397 billion has been released for the payment of salaries and allowances of staff between January and September, while the sum of N17.603 billion has so far been utilised as at the end of September 2020.