EFCC gets presidential approval to investigate FAAC releases, spending

BusinessDay | 02-10-2026 01:41pm |

The Economic and Financial Crimes Commission (EFCC) has commenced efforts to monitor Federation Account Allocation Committee (FAAC) releases to states. The commission received presidential approval to investigate FAAC releases and spending. The move is aimed at ensuring accountability in the disbursement and utilisation of funds allocated to states from the federation account.

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