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    MarketForces Africa » MarketForces News » Reps Give EFCC Chairman 4-day Ultimatum to Appear Before it

    Reps Give EFCC Chairman 4-day Ultimatum to Appear Before it

    Olu AnisereBy Olu AnisereJuly 26, 2024 News No Comments2 Mins Read
    Reps Give EFCC Chairman 4-day Ultimatum to Appear Before it
    Olukoyede
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    Reps Give EFCC Chairman 4-day Ultimatum to Appear Before it

    The House of Representatives Committee on Financial Crimes has given Mr Ola Olukoyede,  Chairman, Economic and Financial Crime Commission (EFCC), till July 30 to appear before it over budgetary allocation issues.

    The committee said that Olukoyede, along with his management team, should appear to answer questions relating to the commission’s budget performance and its challenges.

    Rep. Obinna Onwusibe, the hairman of the committee, expressed the panel’s displeasure at  an oversight of the commission’s office in Abuja.

    The committee condemned what it described as the snobbish attitude of the chairman and the denial of the committee’s members access into the commission’s complex.

    Following the denial of access into the commission’s complex, the committee members returned headed back to their bus and returned to the National Assembly.

    The committee had visited the EFCC headquarters after communicating with the anti-graft agency and agreeing on a date for an oversight visit.

    The committee was, however, surprisingly told that the chairman was called for an unexplained emergency development at the Central Bank of Nigeria (CBN).

    Reacting, the committee chairman said: “In performing our constitutional functions we had written to the EFCC for this oversight visit.

    “The latest letter to EFCC was last week and we all agreed that the oversight is going to be today.

    “The essence of the oversight is for the committee to know the budget performance of the EFCC as appropriated by this national assembly.

    “That was exactly why we went and to also see other things, including the challenges being faced by the EFCC’’.

    He said the committee had had requested that the chairman, and all the zonal commanders of the EFCC be invited today for us to interface with them.

    “But, the committee also saw that they were not on  ground,” he said.

    The committee, however, resolved that it would not continue with the oversight and resolved further to summon the EFCC chairman and his team to appear before it.

    “As far as we’re concerned, the functions and integrity of this 10th National Nssembly cannot be taken for granted.

    “We’ve written severally to the commission, requesting information and documents and are yet to get them”, he said. #Reps Give EFCC Chairman 4-day Ultimatum to Appear Before it

    Fitch Downgrades Ecobank Nigeria to Junk Grade

    EFCC House of Reps
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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