THE Economic and Financial Crimes Commission has said it may prosecute any head of federal agencies indicted by the report of the Senate Committee on Finance after the conclusion of its current probe of the finances of ministries, departments and agencies.
The panel led by Senator Solomon Adeola is currently holding an investigative hearing into the internally generated revenues of the MDAs and their compliance with the one per cent stamp duty by contractors on all contracts awarded by them between 2014 and 2020.
EFCC Chairman, Mr. Abdulrasheed Bawa, hinted at the commission’s intention when he appeared before the panel for its investigations on Thursday
Bawa said, “At this point in the nation’s history, it is not much about generating revenue as much as blocking leakages of revenue generated and still being generated by all these agencies of government.”
Bawa disclosed that the anti-graft agency last week recovered over N1bn cash in one bank account of a civil servant.
He said there were lots of leakages that needed to be blocked.
