The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Abdulrasheed Bawa today (27 October 2022, presented an estimate of
Forty-One Billion, One Hundred and Twenty Million, Seventy One Thousand, Five Hundred and Twenty-One Naira, Seventy-Five Kobo (₦41,120,071,521.75) only as its budget for the year 2023.
He explained that the proposal comprise the sum of Thirty-Six billion, Eight Hundred and Thirty-Four million, Nine Hundred and Three Thousand, Eight Hundred and Four Naira, Seventy Five Kobo
(₦36,834,903,804.75) only as personnel cost; while the sum of Three Billion, Eight Hundred and Thirty-Five Million, Four Hundred and Sixty Thousand, Six Hundred and Thirty-One Naira
(₦3,835,460,631.00) and Five Hundred and Thirty Million, Seven Hundred and Seven Thousand, Eighty-Six Naira (₦530,707,086.00) represent the Overhead and Capital vote component.
According to him, the 2023 estimate of ₦41,120,071,521.75 is slightly lower than the ₦43,696,381,562.46 appropriation for 2022. He, however, disclosed that only 53% of the appropriation had been released as of August 31, 2022, with the budget performance put at 83.35% of the total releases.
Highlighting the Commission’s performance in 2022, Bawa disclosed that the EFCC recorded a total of 2,847 convictions as of 21 October 2022. The figure, he said, is higher than the 2,220 convictions recorded by the Commission in 2021.
Commenting on the Commission’s performance, the Chairman of the Committee, Senator Suleiman Abdul Kwari lauded the reforms in the Commission. He said he was pleasantly surprised to discover the existence of a Petitions Vetting Committee which examines every petition to determine its relevance to the mandate of the EFCC. He explained that one of his constituents who had petitioned the Commission recently got a reply from the committee, explaining why his petition could not be treated. This, to him, demonstrated sensitivity and commitment to service.