Emerging report on Tuesday morning, indicates that the Senate has declined to approve the $200 million World Bank loan request for the Economic and Financial Crimes Commission, EFCC.
The Chairman of the Senate Committee on Foreign and Local Debts, Senator Shehu Sani, who is at the centre of the new controversy, is being accused by some elements in the Presidency of sitting on the request.
Sani it was gathered, has since the approval of the loan last year by the Federal Government, been playing games with officials of the EFCC.
The development it was also learnt, may further hamper the work of the EFCC, which relies more on such funds for training, ICT projects, and similar expenditures, that have direct bearing on the mandate of the Commission.

Post-Nigeria, learnt that the refusal by the Senate, may be connected with Magu’s continuous stay in office as the Acting Chairman of the EFCC, despite being rejected twice by the Upper Legislative Chamber.
Also, the refusal by the Senate to give priority attention to the loan request, is part of its strategy to send a clear message to President Muhammadu Buhari, that Magu is illegally occupying his current position.
Beyond the refusal of the Red Chamber to consider the loan request, strong indications have also emerged that the Senate is making a last minute effort to block the 2017 budget of the EFCC, following the refusal of Magu to step aside.
The Senate President, Bukola Saraki, it was gathered, has instructed the Committee Chairman on Appropriation, Senator Danjuma Goje, and Chairman Senate Committee on Anti-Corruption and Financial Crimes, Chukwuka Utazi, to suspend work on the final copy of the Commission’s 2017 budget.

With Saraki’s new stance, the EFCC may be left without a dime to run its operations in 2017. As it stands now, the EFCC, despite realising billions of naira on behalf of the government, cannot spend any dime. It depends solely on yearly appropriation from the National Assembly.

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