The Economic and Financial Crimes Commission (EFCC), revealed that it recovers over N1 billion cash sitting in one bank account from a Civil Servant last week
The Chairman of EFCC, Abdulrasheed Bawa on Thursday disclosed this while appearing before the Senate Committee on Finance investiating the Internally Generated Revenue (IGR) and payment of 1 % stamp duty by contractors on all contracts awarded by Ministries, Departments and Agencies (MDAs) between 2014- 2020.
The anti-graft boss noted that there are alot of leakages that needed to be blocked, adding that it is not about generating revenue, “we have recovered over a billion from civil servant sitting in an account last week.”
Bawa however applauded the Senate Committee of Finance for its investigations into the internally generated revenues of MDAs.
According to him; “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.”
Bawa said he would have been happy to go away with one of the heads of agencies immediately from the revelations that the Committee unearthed in course of observing the documents presented by the agency.
