Economic and Financial Crimes Commission, EFCC, has reacted to the allegation of diversion of N1trn, saying it was ready to subject its activities to any scrutiny.
A statement by the commission’s spokesman, Mr. Wilson Uwujaren, said the allegation was a smear campaign aimed at tarnishing the good image of Mr. Ibrahim Larmode.
It would be recalled that a national newspaper had on Monday reported the impending probe of the commission’s boss by the Senate.
Declaring the story as spurious and veil, the commission noted that even if it had not returned a kobo of recovered funds in its 12 years of existence, in addition to the yearly appropriated budget from the federation account, its assets would still be nowhere near the alleged N1trn.
The anti-graft body also faulted the petitioner for not following procedure by the Senate in demanding for the probe.
It said: “More sinister is the discovery that the socalled petition did not follow the procedure for consideration by the Senate. It was sent, not to the Senate but to a member, Senator Peter Nwaoboshi, a first term senator from Delta North.
“Under the senate rules, petitions meant for consideration by the red chamber are sent to the senate, not to a member.
“Also, petitions meant for the senate are tabled at the plenary, before they are referred to the relevant committees for further consideration. “In this instance, the senate has been on recess and there is no evidence that the so called petition was considered at plenary and referred to any committee.
“The EFCC as an agency that is founded on transparency is not afraid of any ‘probe’ or request for information regarding its activities by individuals, groups or organs of government; so far as such requests followed due process of law.”
According to the statement, if Larmode had wanted the activities of the commission to be shrouded in secrecy, he would not have hired an international audit firm, KPMG to carry out comprehensive audit of exhibits and forfeited items.
It said the report of the audit, which covers 2003 till date, would be made public as soon as it is read