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The Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, Thursday disclosed that the Anti-graft agency last week recovered over N1 billion cash sitting in one bank account from a Civil Servant. Bawa made the disclosure while appearing before the Senate Committee on Finance, investiating the Internally Generated Revenue (IGR) and payment of 1 % stamp duty by contractors on all contracts awarded by MDAs between 2014- 2020. There are a lot of leakages we need to block, it is not about generating revenue, we have recovered over a billion from civil servant sitting in an account last week”, he said. He however applauded the Senate Committee of Finance on investigations being carried out on internally generated revenues of MDAs and the payment of 1% Stamp Duty by contractors on all contracts awarded by MDAs between2014-2020.

Nigeria generalCross riverAbdulrasheed bawaProcurement departmentFinancial crimes commissionNigeria electricity regulatory commissionSenate committee onNigeria film corporationCollege of educationRevenue fund of the federationNigerian communication commissionSenate committeeInternally generated revenueStamp dutyInternal auditSenator olamilekan adeola