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EFCC: Stakeholders defer on seven percent IGR retention, autonomous FIU

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The Nigerian Law Reform Commission (NLRC) has kicked against the retention of seven percent of recovered assets or internally generated revenue (IGR) by the Economic and Financial Crimes Commission (EFCC).

The NLRC also disapproved of a Financial Intelligence Unit (FIU) responsible to the EFCC, stating that an independent FIU devoid of the anti-graft agency’s supervision would serve the country better.

The agency, as well as the Governors’ Forum, wanted the FIU domiciled within the EFCC despite the suspension of the country from the Egmont group due to interference from the…



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