Wednesday, 28 October 2015

Reps Mandate Committee To Investigate N1 Trillion EFCC Fund

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The House of Representatives has mandated its committee on financial crimes to investigate the alleged non-remittance of over one trillion naira generated from seized assets by the Economic and Financial Crimes Commission (EFCC).
This followed a motion by the Minority Leader of the House of Representatives, Leo Ogor, who said there is an urgent need to look into the matter.
The members also took a contrary position to that of the Solicitor-General of the Federation, Mr. Abdullahi Yola, who had directed the Commission to investigate the allegation, as according to them, the Commission cannot investigate itself.
In August, the Senate Committee on Ethics, Privileges and Public Petition received documents tended as evidence by the anti-graft agency, overallegations of fraudulent diversion of over N1 trillion by, Ibrahim Lamorde, the Chairman of EFCC.

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