The Senate, on Wednesday, announced that it would soon commence a probe of the Economic and Financial Crimes Commission (EFCC), to ascertain how grants and other financial aids received by the Nigeria Financial Intelligence Unit (NFIU) from foreign donors have been spent.

The Senate arrived at the decision, on Wednesday, when it considered a motion tagged “Dire implication of the suspension of Nigeria from the Egmont Group of Financial Intelligence Units,” It was sponsored by Sen. Chukwuka Utazi.

Utazi who chairs the Senate committee on Anti-Corruption and Financial Crimes, while moving the motion, bemoaned the suspension of Nigeria by Egmont Group, urged his colleagues to immediately give nod to the sponsorship of a bill which will grant full autonomy to NFIU.

“My committee will soon commence a probe into the activities of NFIU to determine and ascertain how grants and aids they have received have been spent by the EFCC. We will soon commence that,” Utazi said.

The suspension of Nigeria, announced at the Egmont Group meeting held in China from July 2-7, 2017, was borne out of the country’s refusal to comply with the group’s demands for a legal framework granting autonomy to the NFIU.