EFCC Has Begun Monitoring Local Government Funds, Says Anti-Corruption Agency Chairman, Olukoyede

The Economic and Financial Crimes Commission (EFCC) has begun monitoring funds allocated to local governments across Nigeria, its Chairman, Ola Olukoyede, has revealed.

Olukoyede made this known on Thursday during a courtesy visit by leaders of the National Christian Youth Professionals (NCYP), led by Isaac Abrak, at the Commission’s corporate headquarters.

Responding to calls from the group for stricter oversight of local government finances following the financial autonomy granted to them, Olukoyede assured that the EFCC had already taken action.

“We have a department called Fraud Risk Assessment and Control that is closely monitoring and tracking payments, contracts, and other releases to ensure that funds are expended on what they are meant for,” he said.

The EFCC boss also urged the NCYP members to use their platforms to promote integrity and unity among Nigerians.

“Doing the right thing has nothing to do with whether you are a Christian or a Muslim. Let’s continue to operate as people of integrity irrespective of our faith,” he added.

Meanwhile, while speaking, Abrak expressed concern over the slow pace of development at the grassroots level, stating that only the prudent management of resources allocated to local governments could drive growth, reduce poverty, and improve living conditions.

“We come from the grassroots, and we 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. That’s why we are here—to call for proper monitoring of resource management and to offer our partnership to ensure that funds meant for the grassroots are effectively utilized,” he said.

The youth leader also commended Olukoyede for his leadership, stating that his performance reflects the values of his Christian faith.

“We are proud of you. You have represented our faith with excellence,” he said.

He commended the professionalism and dedication of EFCC officers in securing Nigeria’s victory in the P&ID case in 2023 and expressed satisfaction with Olukoyede’s achievements since assuming office.

Abrak also raised concerns over the increasing involvement of youths in internet fraud in Northern Nigeria.

“Cybercrime is spreading into the North, and we want the EFCC to intensify its operations in this region,” he urged.