Publication Type: Briefing Paper
Countries: Nigeria
Authors: Idayat Hassan
Publication date: August 2021
Keywords: Agencies, Regulations
Read full text

Nigeria’s Economic and Financial Crimes Commission (EFCC) was created in 2002 to complement the Independent Corrupt Practice and Other Related Offences Commission (ICPC). This was in response to a decision in June 2001 by the Financial Action Task Force (FAFT) – the global inter-governmental watchdog on money laundering and financial terrorism – to place Nigeria on its ignominious list of Non-Cooperating Countries and Territories.

While the EFCC quickly made significant efforts to address corruption through aggressive investigation, prosecution of high-profile offenders and the recovery of huge assets, concerns have remained regarding the effectiveness of the Commission – and particularly about its ability to remain independent from political interference.

Read full text
Citation
Hassan, I. 2021. 'Charting the way forward for Nigeria’s Economic and Financial Crimes Commission: a path towards institutional efficiency and independence'. SOAS Anti-Corruption Evidence (ACE) SOAS University of London. https://ace.soas.ac.uk/publication/charting-the-way-forward-for-nigerias-economic-and-financial-crimes-commission-a-path-towards-institutional-efficiency-and-independence/