THE Economic and Financial Crimes Commission (EFCC) plans to spend N42,303,506 on payment of rent in the 2020 fiscal year.
The estimated N42.303 million for rent forms part of the commission’s N30,921,658,070 budget proposal as contained in the N10.33 trillion 2020 budget presented to the joint session of the National Assembly by President Muhammadu Buhari on October 8.
Despite several seizures and forfeitures of properties, including building, by EFCC from politically-exposed persons and others who acquired properties through illegal means in its course of fight against corruption in the country, many government ministries, departments and agencies (MDAs) are also operating from rent property.
The EFCC Act, 2004 confers the right to manage properties and assets seized on EFCC.
Sections 24, 28 of the Act specifically put the forfeiture of property and assets suspected to connect to fraud or connected thereto on the doorstep of the anti-graft agency.
According to Section 30 (1) of the Act, a final order of forfeiture in which the asset and property of person convicted under the Act shall be forwarded to the Commission and Section 30 (2) states that upon receipt of final order pursuant to this section, the secretary to the commission shall take steps to dispose of the property concerned by sale or otherwise and where the property is sold, the proceeds then, shall be paid into the Consolidation Revenue fund of the Federation.
Under the leadership of Acting Chairman, Ibrahim Magu, Sunday Tribune gathered that about 407 mansions were seized, out of which 126 have been finally forfeited, while 281 are under interim forfeiture.
Nine filling stations were seized and placed under interim forfeiture. Parcels of land seized sums up to 98, out of which 56 are under interim forfeiture, while 42 have been forfeited finally to the Federal Government.