EFCC Presents N41.1bn Proposal to Senate as 2023 Budget

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Abdulrasheed Bawa on October 27, 2022, provided an estimate of
N41,120,071,521.seventy five (Forty One Billion, One Hundred and Twenty Million, Seventy One Thousand, Five Hundred and Twenty One Naira, Seventy Five Kobo) as its price range for the 12 months 2023.

He defined that the thought comprise  the sum of N36,834,903,804.seventy five (Thirty Six billion, Eight Hundred and Thirty Four million, Nine Hundred and Three Thousand, Eight Hundred and Four Naira, Seventy Five Kobo) handiest as Personnel cost; even as the sum of N3,835,460,631.00 (Three Billion, Eight Hundred and Thirty Five Million, Four Hundred and Sixty Thousand, Six Hundred and Thirty One Naira) and
N530,707,086.00 (Five Hundred and Thirty Million, Seven Hundred and Seven Thousand, Eighty Six Naira) constitute the Overhead and Capital vote component.

According to him, the 2023 estimate of N41,120,071,521.seventy five is barely decrease than the N43,696,381,562.forty six appropriation for 2022. He, however, disclosed that best 53% of the appropriation have been launched as at August 31, 2022, with the price range overall performance positioned at 83.35% of the overall releases.

Highlighting the Commission’s overall performance in 2022, Bawa disclosed that the EFCC recorded a complete of 2,847 convictions as at October 21, 2022. The figure, he stated, is better than the 2,220 convictions recorded via way of means of the Commission in 2021.

Commenting at the Commission’s overall performance, the Chair of the Committee, Senator Suleiman Abdul Kwari lauded the reforms withinside the Commission. He stated he changed into pleasantly amazed to find out the lifestyles of a Petitions Vetting Committee which examines each petition to decide their relevance to the mandate of the EFCC. He defined that certainly considered one among his parts who had petitioned the Commission currently were given a respond from the committee, explaining why his petition couldn’t be treated. This, to him, validated sensitivity and dedication to service.