The Economic and Financial Crimes Commission (EFCC) has intensified efforts to monitor the allocation and utilization of funds at the local government level across Nigeria. EFCC Chairman, Ola Olukoyede, disclosed this development during a courtesy visit by the National Christian Youth Professionals (NCYP) at the commission's headquarters.
“We have a department called Fraud Risk Assessment and Control that is closely monitoring and tracking payments, contracts, and other financial releases to ensure that funds are used for their intended purposes,” Olukoyede stated.
His remarks came in response to the NCYP’s call for stricter oversight, following the recent financial autonomy granted to local governments.
Isaac Abrak, leader of the NCYP delegation, voiced concerns over the slow pace of grassroots development, emphasizing the need for effective financial management.
“We come from the grassroots and understand the realities in our local government areas. We appreciate the President for granting local government autonomy. If local governments can achieve even 40% of their responsibilities, we will see significant progress,” Abrak noted.
He also commended Mr. Olukoyede’s leadership, describing his performance as a reflection of his integrity and faith.
“We are proud of you. You have represented our values with excellence,” he added.
Additionally, the youth leader highlighted the rising involvement of young people in internet fraud, particularly in northern Nigeria.
“Cybercrime is spreading into the North, and we urge the EFCC to intensify its operations in this region,” Abrak urged.
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