‘You’ve done wonderfully well’, Senate Committee praises EFCC

The Senate Committee Chairman on Anti-Corruption and Financial Crimes, Senator Emmanuel Udende has applauded the Economic and Financial Crimes Commission, EFCC and its leadership for their performance in the last one year, stressing that the Commission has impressively tackled the menace of economic and financial crimes, with ascertainable proofs.

He stated this in Abuja on Monday, November 11, 2024 while on an oversight and pre-budget presentation visit with other members of the Committee to the corporate headquarters of the EFCC.

While giving the Committee’s evaluation of the efforts of the Commission, Udende declared that the Committee was satisfied with the performance of the EFCC and declared that it has done wonderfully well.

“We have looked at the records, the budget performance, what the EFCC has done in the past one year and we are quite impressed with what they have done. Within the year under consideration, they have made several recoveries. Within the one year that the Chairman assumed office, he has recovered so much for this nation and for that reason, we as a Committee want to commend the Chairman for doing a very wonderful job.

“I couldn’t believe it when I saw the report and nobody has come forward to dispute them. As a Committee, we have gone through and are satisfied that they have done a good job. We have gone through the budget performance and we are also satisfied that they have done a good job within the limited resources that they have. The agency needs a lot of money but in the budget processes, we discovered that little was assigned to them and they have achieved this much, I think they need to be commended by every Nigerian,” he said.

In his remark, EFCC’s Chairman, Mr. Ola Olukoyede welcomed the Committee members and urged them to be guided in their evaluation by the performance indices of the Commission within the budget year. Speaking on the records of achievements, he said “I am sure you must read the record of our modest achievements in the last one year, particularly in the area of recovery. If you are fighting financial crimes, and you don’t make asset tracking and recovery one of the key issues that you have to embark on with all seriousness, you may not be able to go far. I say this because when the perpetrators of these crimes still have access to the proceeds of the crime, they can go to any extent to fight you.

“We are happy to report to you that in the last one year, we have done close to N250 billion and several tens of millions of dollars and also quite a number of real estates across the country in asset recovery.

“Within the last year, we have secured close to 3,500 convictions.”

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