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Missing N450B EFCC to go after top govt agencies

Top government agencies fingered to have been involved in misappropriation of government funds will be answering EFCC calls soon.

  • Published:
Ibrahim Magu play

EFCC boss, Ibrahim Magu


The Economic and Financial Crimes Commission will soon swing into action following reports of discrepancies and misappropriations in some top government agencies to the tune of N450billion in seven years.

It was gathered that after an audit by the Federal Government, the ministry of finance has sent reports of the audit to the EFCC to act upon.

Finance Minister, Kemi Adeosun reportedly said some of the audit reports had been sent to the Economic and Financial Crimes Commission (EFCC).

She said: “The financial regulations are very clear, where audit reports have indicted some of the officers, some of these audit reports are going to the EFCC.

“Some of the audit findings were so serious that the decision was taken that some of those particular reports must go to the EFCC.

“Remember that we are not a prosecuting agency, ours is to investigate and then we hand it over to the relevant agencies,” she said.

ALSO READ: FG audits NIMASA, WAEC, JAMB, Open University, 29 other agencies

This development is coming after Adeosun announced that the federal government is set to recover about N450 billion operating surpluses that were not returned by 33 agencies from 2010 to 2015.

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