Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission (EFCC), revealed that the anti-graft agency recovered over N1 billion in cash from a civil servant in less than a week.
He made the announcement on Thursday while testifying before the Senate Committee on Finance, which is looking into Internally Generated Revenue (IGR) and the payment of 1% stamp duty by contractors on all contracts awarded by Ministries, Departments, and Agencies (MDAs) between 2014 and 2020.
Bawa noted that there were a lot of leakages that needed to be blocked, adding that it was not about generating revenue.
He said, “We recovered over a billion (naira) from (a) civil servant sitting in an account last week.
“After observing the proceedings and the process of investigation of the committee, I am happy with what is happening here. It is a good development that the committee is working towards blocking revenue leakages.
“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.”