© 2018 - International Centre for Investigative Reporting
EFCC Gets More Funding, To Build N8 billion New Head Office
The Economic and Financial Crimes Commission, EFCC, is to spend about N 8 billion in 2016 on its proposed new head office building in Abuja.
This is contained in the commission’s allocation in the 2016 budget as signed by President Muhammadu Buhari.
A total of N 18,887,531,636 billion was allocated to the Anti-graft agency in 2016, which is significantly higher than the N 10,472,982,781 it got in 2015, perhaps in fulfillment of President Buhari’s promise to increase funding to Anti-corruption agencies in order to enable them effectively tackle the menace of corruption in the country.
According to details of the budget, total recurrent expenditure is put at N 10,402,357,919 billion, while capital expenditure is N 8,485,173,717 billion, as against last year’s N 8,722,658, 981 and N1,750,323,800 for recurrent and capital expenditure respectively.
The EFCC’s head office is presently located on Fomella Street, off Adetokunbo Ademola Crescent, Wuse II, Abuja.
Apart from the N 7.912 billion allocated for the new head office, another N 58.434 million has been earmarked for the construction of office building while another N12.073 million will be spent on the construction of fences around the plots of land for the commission’s staff quarters.
With the renewed anti-corruption fight of the present administration, the EFCC has witnessed an upsurge in corruption cases across the country.