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I borrowed N300m to EFCC in 2004 to commence operation – Atiku



The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has revealed that he gave the Economic and Financial Crimes Commission (EFCC) N300million, when it was launched in 2004.

Atiku declared this on The Candidate, a presidential town hall conversation, that was aired on The Nigerian Television Authority (NTA) on Wednesday night.

The former vice-president was responding to a question, on how he would make the anti-graft agency independent and able to discharge its duties on time without preferential treatment.

According to Atiku, the EFCC had no budgetary allocation to begin operation when it was launched.

“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,” he said.

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