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FG sets up panel to probe ICPC, EFCC



Malami(A Attorney General of the Federation and Minister of Justice, Abubakar Malami.

The Federal Government in Nigeria has set up a panel to probe the Economic and Financial Crimes Commision (EFCC) and the Independent Corrupt Practices and other related offences Commission ICPC.

The panel is been instituted for the purpose of investigating high profile corruption cases which were allegedly compromised by the EFCC according to the Punch.

The committee’s tasks are as follows:
“To identify all parties that engaged in conspiratorial fraudulent activities at EFCC that led to financial loss to the FGN;

“To analyse petitions submitted to the EFCC against persons and organisations in billions of naira that were not investigated or investigated and compromised by the EFCC hence caused collateral economic loss to the FGN;

“To analyse all cases the EFCC took over from other agencies or investigated with other agencies, and report the actual and collateral loss to the FGN;

“To assess the EFCC’s standing procedure on seizures, forfeitures, management of seized properties, remittances etc;

“To verify all assets seized by the EFCC and/or forfeited by criminal suspects to the EFCC onshore and offshore;

“To verify all remittances by the EFCC to the FGN;

“To reconcile assets seized and/or forfeited vis-a-vis assets remitted to the FGN;

“To identify and audit all bank accounts opened by the EFCC and all bank accounts seized from criminal suspects onshore and offshore from inception to date, among others.”

The committee has been named the Presidential Committee on Verification of Assets and will be under the office of the Attorney General of the Federation and Minister of Justice, Abubakar Malami.

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  • vic

    the committee should also be represented by representatives of human rights organisations, academic staff of the nigerian universitiesASUU, tuc, labour unions among others., and other stake holders in the society and not only government representatives and ministers. the report should be made public.

  • emmanuel kalu

    This administration is obsessed with probing without result. we need to kill corruption and probes need to happen. However we need to see the outcome of those probes, we need to know how much was recovered and who it was recovered from. we also need to know what, when and where the recovered money was used. This means the federal government needs to be transparent about its probe. we are tired of probing with no actual result or punishment. The former NSA is already guilty of misapplication of fund. He should be already sentenced to a long jail term and all his assets seized.

  • Rommel

    A very positive step towards sanitizing the opaque dealings of the anti corruption agency which is itself suffering from corruption allegations

    • amador kester

      A positive step. No doubt about it

  • And when will the committee itself be probed ‘President’ Accountable? Even though you will still not present the academic qualifications you claimed to earn. While industries, financial institutions etc are making personnels redundant as result of your government economic incompetence.

  • Edobor Agbagie Ozakpolor

    Probes are necessary provided it’s not holding down the business of govt as we now have noticed.

  • Edim Asekong

    Why not add as one of the terms of reference, the atrocities committed by the EFCC against the citizens of this country since the coming on board of the current administration?