I Borrowed EFCC N300 million When They Started In 2004 – Atiku Abubakar – The presidential aspirants of the Peoples Democratic Party (PDP), Atiku Abubakar, says he acted the hero of the Economic and Financial Crimes Commission (EFCC) when it started in 2004.
Atiku talked on The Candidate, a presidential town hall discussion facilitated by Kadaria Ahmed, a columnist in answer of an inquiry on how he would make the anti-graft organization self-reliant & ready to release its obligations on time without special treatment.
He revealed that the EFCC had no monetary distrubution to start activity when it started. “My quarrel with the judicial system is that there is too much delay. If we can shorten the delay, so that justice is seen to be meted out immediately, better for us.
“The problem is the legislation and the procedure being adopted by the judiciary. The cases we initiated in our administration are still in court. Now, where is the justice?
“When we set up the EFCC, I personally brought the first draft of the regulation from Brazil and it was based on that draft that the EFCC legislation was drafted.”
“When it was finally passed by the national assembly, EFCC did not even have the money in the budget to start operation. I borrowed them N300m from the privatisation proceeds and said ‘you better get to work.”
“The following year when there was budgetary allocations, they repaid the money. Most of the convictions that we are hearing today were cases that we started in our administration.”
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