Tag efcc probes nassemblys n300bn allocation in 2014

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EFCC Probes NASS Over N300bn Allocation in 2014

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the alleged misappropriation of N300 billion allocated to the National Assembly in 2014.

According to reports, the EFCC is investigating the alleged diversion of the funds by some officials of the National Assembly, including the then-Speaker of the House of Representatives, Aminu Tambuwal, and the then-Senate President, David Mark.

The investigation was reportedly triggered by a petition filed by a civil society organization, the Centre for Transparency and Accountability in Nigeria (CTAN), which alleged that the funds were diverted to personal accounts of some lawmakers and used for private purposes.

The EFCC has since invited some officials of the National Assembly, including the then-Speaker and Senate President, to answer questions about the alleged diversion of funds.

In a statement, the EFCC said it was investigating the matter to determine whether there was any truth to the allegations and to recover any stolen funds.

The investigation is ongoing, and the EFCC has promised to take appropriate action against anyone found guilty of misappropriating the funds.

Background

In 2014, the National Assembly allocated N300 billion to itself for the purpose of carrying out its legislative duties. However, it was alleged that some officials of the National Assembly diverted a significant portion of the funds to personal accounts and used them for private purposes.

The alleged diversion of funds sparked widespread outrage and calls for an investigation into the matter. The EFCC subsequently launched an investigation into the allegations and invited some officials of the National Assembly to answer questions about the matter.

Reactions

The National Assembly has denied any wrongdoing and has accused the EFCC of trying to intimidate and harass its officials. The Speaker of the House of Representatives, Yakubu Dogara, has said that the allegations are baseless and that the National Assembly has always been transparent in its financial dealings.

The EFCC has denied any political motivation behind the investigation and has said that it is committed to recovering any stolen funds and bringing those responsible to justice.

Conclusion

The EFCC's investigation into the alleged misappropriation of N300 billion allocated to the National Assembly in 2014 is ongoing. The investigation is aimed at determining whether there was any truth to the allegations and recovering any stolen funds. The National Assembly has denied any wrongdoing and has accused the EFCC of trying to intimidate and harass its officials. The outcome of the investigation is expected to be closely watched by the public and the media.