EFCC to spend N1 billion on bank charges, miscellaneous

Amin By Philip Shimnom Clement

The Economic and Financial Crimes Commission (EFCC) is set to spend about N1 billion on bank charges, financial charges and miscellaneous.

Breakdown of the proposed 2019 federal budget reviewed by GovernanceNews shows that N679.79 million will be spent on financial charges, while N29.79 million will be spent bank charges.

In the same vein, N308.1 million was appropriated for miscellaneous as well as N650, 000 for insurance premium.

Further breakdown of the anti-graft agencies’ budget shows  that N236.6 million will be spent on legal services and N13.4 million on financial consulting.

Similarly, fuel and lubricants, motor vehicle fuel cost and generating had N200 million, N89 million and N111.11 million respectively in the 2019 proposed budget.

The anti-graft agency also budgeted N27.2 million for meals, and N9.86 million for honorarium and sitting allowance. The EFCC’s total budget proposal for the 2019 is N22.70 billion.