by Deborah Hassan
The Economic and Financial Crimes Commission, EFCC, has presented a budget proposal of
N29,861,694,947 billion (Twenty-nine Billion, Eight Hundred and Sixty-one
Million, Six Hundred and Ninety-four Thousand, Nine Hundred and Forty-seven
Naira) to the National Assembly for its operations in 2021.
A breakdown of the estimate indicates that N24,407,559,975 (Twenty-four Billion, Four Hundred and Seven
Million, Five Hundred and Fifty-nine Thousand, Nine Hundred and Seventy-five
Naira) was earmarked as personnel cost; N3,600,773,354 (Three Billion, Six
Hundred Million, Seven Hundred and Seventy-three Thousand, Three Hundred and
Fifty-four Naira) as overhead, while N1, 853, 361, 618 (One Billion, Eight
Hundred and Fifty-three Million, Three Hundred and Sixty-one Thousand, Six
Hundred and Eighteen Naira) is projected for capital expenditure.
A statement by the head, Media & Publicity of the anti-graft agency, Mr Wilson Uwujaren, stated that the presentation of the estimates was done on Wednesday to the Senate Committee on Anti-corruption and Financial Crimes, by the acting chairman of the commission, Mohammed Umar Abba.
Abba gave an overview of the performance of the commission’s 2020 budget, disclosing that of the
total of N32.694 billion appropriated for the commission in the current year, N25.136billion, representing 76.88 per cent, has so far been released.
A breakdown of the figure shows that N21.398 billion was released as personnel cost, N2.100 billion for
overhead and N1.638 billion for capital projects.
Abba further disclosed that N18.823 billion, representing 74.88 per cent of the N25.136 billion released,
has been fully utilized.