The Economic and Financial Crimes Commission, EFCC, on Monday, presented a budget of N31,350,512,836 to the National Assembly, NASS, for its operations in 2022.
The figure represents a slight improvement over the N29,575,694,747.46 appropriated for the Commission in 2021.
According to a breakdown of the 2022 estimate, N25,896,377,934 is earmarked as personnel cost; N3,600,773,552 as overhead cost; while N1,853,361,550 is projected for capital expenditure.
Presenting the budget to the Senate Committee on Anti-corruption and Financial Crimes, headed by Senator Sulaiman Kwari, the Executive Chairman of the Commission, Abdulrasheed Bawa who was represented by the Director of Operations, Abdulkareem Chukkol gave an overview of the performance of the Commission’s 2021 budget.
He disclosed that of the total of N29,575,694,747.46 appropriated for the Commission in the current year, N27.7 billion has so far been released.
Bawa identified funding as a major challenge of the Commission, noting that it had affected the activities of the Commission in the areas of training, technical equipment, procurement operational vehicles, upgrading of ICT infrastructures, among others.
Newsdiaryonline
