Nigerian Senate recommends a 300% budget increase for the EFCC to combat financial crimes.

The Nigerian Senate Committee on Anti-corruption and Financial Crimes is recommending a significant budget boost for the Economic and Financial Crimes Commission (EFCC), with the agency seeking a 300% increase for the 2025 budget. The EFCC aims to use recovered funds to support its operations and has been granted access to monitor government disbursements. The agency is also investing in technology to track virtual currency trading and is focusing on financial crimes in the extractive industry.

November 11, 2024
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