The Economic and Financial Crimes Commission (EFCC) says it has recovered over N1 billion cash from a civil servant within a week.
The EFCC Chairman, Abdulrasheed Bawa, made the disclosure while appearing before the Senate Committee on Finance investigating Internally Generated Revenue (IGR) and payment of one percent stamp duty by contractors on all contracts awarded by Ministries, Departments and Agencies (MDAs) between 2014 and 2020 on Thursday.
Bawa, who failed to disclose the identity of the civil servant, stated that there were a lot of leakages that needed to be blocked by the anti-graft agency.
He noted that the move was not about generating revenue.
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“We recovered over a billion (naira) from (a) civil servant sitting in an account last week.
“After observing the proceedings and the process of investigation of the Committee, I am happy with what is happening here. It is a good development that the committee is working towards blocking revenue leakages.
“At this point in the nation’s history, it is not much about generating revenue as much as blocking leakages of revenue generated and still being generated by all these agencies of government,” the EFCC Chairman said.
Bawa further noted that the anti-graft agency would be willing to get the report of the Committee upon completion of the investigation for further action.
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