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THE EFCC AS AN ANTI-GRAFT AGENCY IN NIGERIA

Updated on February 15, 2016

Establishment of the EFCC in Nigeria

The EFCC stands for Economics and Financial Crimes Commission and was established in 2003 in response to pressure from the financial action task force on money laundering (FATF).

The EFCC is a governmental organisation established to tackle any form of financial Crimes in the country.

The EFCC headquarters is located in Wuse II , Abuja. The EFCC is anot enforcement agency that investigate financial Crimes such as advanced fraud popularly called 419 fraud and money laundering and abuse of public funds by Public or civil servants. It is also involved in other financial Crimes related activities.

The Mission or goal of the EFCC is to rid Nigeria of Economic and financial Crimes and effectively coordinate the domestic effort of the global fight against money laundering and terrorists financing.

The EFCC was established under the leadership of Olusegun Obasanjo in 2003 to investigate any form of financial Crimes such as cyber Crimes, misuse of public funds by government officials iron civil servants, money laundering and other criminal activities relating to financing.

Nuhu Ribadu was the pioneer chairman of the EFCC when it was created in 2003 under Olusegun Obasanjo administration between January 2008 and May 2008 and was succeeded by Farida Mzamber Waziri.

Ibrahim Lamorde who was a police officer was appointed acting chairman of the Economic and Financial Crimes Commission on 23 November 2011 after chairman Farida Waziri had been dismissed by President Goodluck Jonathan . Ibrahim Lamorde was confirmed chairman of the commission on 15th February 2012.

When the EFCC was created by I 2003, headed by Ribadu, Ibrahim Lamorde was Director of operations. Ribadu was removed as Chairman by the late President Umaru Ya'radua in 2007.

The present Chairman of the commission is Ibrahim Mustapha Magu Ibrahim. He was installed as Chairman of the commission by President Buhari as Chairman of the commission on Wednesday, November 11, 2015. He was formally the acting chairman of the commission.

By the appointment, Magu became the fourth Chief Executive of the Commission after Nuhu Ribadu, Farida Waziri and Ibrahim Lamorde.

Board Members of the EFCC

Board Members of the EFCC include the following;

  • The Governor of the Central Bank of Nigeria
  • Representatives of each of the Federal Ministryof foreign affairs, Finance and Justice
  • The chairman, National Drug Law Enforcement agencies
  • Director General, Department of State Services
  • Registrar General, Corporate Affairs Commission
  • Director General, Securities and Exchange commissions
  • Managing Director, Nigeria Deposit Insurance Corporation
  • Commissioner for insurance
  • Postmaster General of the Nigerian postal services
  • The chairman, Nigeria Communications commission
  • Comptroller General, Nigeria Immigration services
  • Inspector-General of Police

The Economic and Financial Crimes Commission

Operations of the EFCC

The operation department is the hub of all investigation activities of the commission. The operation department is responsible for the investigation, arrest, and detention of any culpable individuals or organisations.

All investigations are carried out only within the mandate of the commission. The operation department comprises of the advance fee fraud, bank fraud, Economic Governance and Counter-Terrorism and General Investigation. The department of operations is headed by the Director of operations who report which reports directly to the Executive Chairman. It must also be noted that their are Zonal heads of operation offices which reports to the Director of Operations.

This is the hierarchy of the operation department of the Economic and Financial Crimes Commission. The EFCC offices are located in Abuja, which is the head office, Lagos, Portharcourt, Enugu, Kano and Gombe.

The EFCC has been carrying out a lot of investigation and prosection on the court of law. Some of which were successful, pending and others didn't recorded much success because there was no substantive evidence against the culprits.

The job of the EFCC is to investigate and detain. The detention order must be a written order from the judiciary. This is the only way they could be warranted to arrest. Most of the arrest is to aid themail investigation process before the suspect can be arraigned before the court. The EFCC must first request for the cooperation of the suspect before any form of arrest is carried out.

Most of the staff carrying out the investigation are detective mainly from the Department of State Services. They undergo underground watch on and around the suspect and they dig in evidence from people, activities and even physical evidences like checks from transactions, bank draft, transfer and other financial transactions.

After all investigations have been concluded on a person or group of persons or organisations, the case files are mainly submitted to the President through the chairman of the commission and to the head of judiciary. When the President or Executive arms of government is satisfied with the investigation report and approves for further action, the judiary by then grants an arrest if the suspect refuses cooperation.

The arrest could be one of the two reasons; An arrest can be made to interrogate the suspect for furtherance of an investigation. Secondly an arrest can be made when all evidence proves that the suspect is guilty of the crime ando would be charged to court for prosecution.

EFCC Former Boss, Ibrahim Lamorde

Ibrahim Lamorde Accused Of Diverting 1 Trillion Naira

August 24, 2015, former EFCC chairman was accused of Diverting about 1 trillion naira recovered from former governor of Baylesa State, Diepreye Alameiseigha and former Inspector General of Police, Tafa Balogun. Ibrahim Lamorde'salleged financial mess is like a hunter becoming the hunted. In response to the allegation and to strengthen the war against corruption, the President of Nigeria, Muhammadu Buhari urged the legal practitioners both in bar and in bench to team up with his administration in rebuilding the system.

President Buhari is determined to curb the rate of corruption in the country to the bearest minimum. He said this while on a 3 day visit to Abu Dhabi, United Arab Emirates. He stated that he wants to restore the dignity of Nigeria where it was before and he made a political achievement during his visit by signing an agreement with the UAE government to assist in his fight against corruption by returning loots and properties stolen by Nigerians into the UAE. This was a success. Names of politicians and civil servants were immediately released by UAE Governemnt just after signing the treaties.

Lamorde Ibrahim is still under investigation and decision is yet to be made...Nigerians were blown off balance by this strong allegation. Hope were crushed and shattered and dreams remain dreams because EFCC is known to be one of the predominant agency that is committed to fight corruption in Nigeria. This one agency that the common and poor Nigerians rested their hope and future has been brutalised by and infringed by corrupt practices at the hallmark.

If the the allegation is true, where is our hope and where is the future of this great nations? Sometimes Nigerians wonder if Buhari’s administration is the change Nigeria needs. No doubt, Buhari is a man of integrity and he stands for truth and Justice....what about the cabals in the Political party that brought him into power. Will he he able to probe any of them if they are accused of corruptions? Some Nigerians especially the opposition, claimed that the fight of Buhari’sadministration against corruption is one sided..it's targeted at the opposition party. I don't know how true this might be but I'm very sure that Nigerians are aware of what is going on and what has been transpingr during those periods People Democratic Party was in the helm of Government. Nigeria is aware that nothing productive came out of their leadership instead it left the country broke and worst than it was.

If Buhari needs to probe any corrupt leaders for them to return the monies they looted, Nigerians are solidly behind him. The monies will will allocated to economic and infrastructural development.

Full list of Service and Ex- Military Leaders probed by the Buhari’s led Government

We all know that from the time Buhari took mantle flow leadership from Former President Goodluck Jonathan, the Financial Crimes Commission has been working round the clock to expose to light the corrupt practices that has been going on in the country and to retrieve stolen funds by these corrupt leaders. Along the line, the EFCC had revealed list of both service and ex military leaders that has been holding the country backward preventing development and thus increasing the rate of poverty among the common citizens.

Below are the full list of the service service and ex military chiefs probed by the EFCC.

President of the Federal Republic of Nigeria, Muhammadu Buhari

Full List of Serving and Ex-Military chiefs probed by the EFCC

  • Air Chief Marshal AS Badeh (Rtd)
  • Air Marshal MD Umar (Rtd)
  • Air Marshal AN Amosu (Rtd)
  • Maj-Gen. ER Chioba (Rtd)
  • AVM IA Balogun (Rtd)
  • AVM AG Tsakr (Rtd)
  • AVM AG Idowu (Rtd)
  • AVM AM Mamu
  • AVM OT Oguntoyinbo
  • AVM T Omenyi
  • AVM JB Adigun
  • AVM RA Ojuawo
  • AVM JA Kayode-Beckley
  • Air Cdre SA Yushau (Rtd)
  • Air Cdre AO Ogunjobi
  • Air Cdre GMD Gwani
  • Air Cdre SO Makinde
  • Air Cdre AY Lassa
  • Col N Ashinze
  • Lt Col. MS Dasuki (Rtd)

  • Messrs Societe D’ Equipments Internationaux
  • Himma Aboubakar
  • Aeronautical Engineering and Technical Services Limited
  • Messrs Syrius Technologies
  • Dr Theresa A. Ittu
  • Sky Experts Nig Ltd
  • Omenyi Ifeanyi Tony
  • Huzee Nig Ltd
  • GAT Techno Dynamics Ltd
  • Gbujie Peter Obie
  • Onuri Samuel Ugochukwu
  • Spacewebs Interservices Ltd
  • Oguntoyinbo Tayo
  • Oguntoyinbo Funmi.
  • Delfina Oil and Gas Ltd
  • Chief Jacobs Bola
  • Mono Marine Corporation Nig Ltd
  • Geonel Intergrated Services Ltd
  • Sachi Felicia
  • Mudaki Polycarp
  • Wolfgang Reinl.

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