Economic and Financial Crimes Commission
EFCC
About
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement and anti-graft agency that investigates financial crimes and unknown transactions, such as advance fee fraud (419 fraud) and money laundering. It is headquartered in Abuja and was also set up to fight corruption and protect the country from economic saboteurs. The EFCC operates through a network of zonal commands across Nigeria and runs its own training institution, the EFCC Academy in Karu, Abuja, which trains EFCC staff and personnel from other law enforcement, security and anti-corruption bodies. The agency also offers the Eagle Eye app for reporting financial and economic crimes.
History
The EFCC was established in 2003 by the administration of President Olusegun Obasanjo to combat financial crimes and money laundering. Its creation was partly in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which had ranked Nigeria as one of 23 non-cooperative countries. The agency commenced operations on April 13, 2003, under Nuhu Ribadu as its pioneer Executive Chairman. Under Ribadu, the agency prosecuted and convicted a number of high-profile corrupt individuals. The EFCC Academy, formerly the Training and Research Institute, was established in 2005 to train agency staff, and its role was expanded in 2012 to other law enforcement and anti-corruption bodies.
Key Facts
Established
2003
Headquarters
Plot 301/302, Institution and Research Cadastral District, Jabi, Abuja, Federal Capital Territory
Chairman
Olanipekun Olukayode
Jurisdiction
Economic and financial crimes
Abbreviation
EFCC
Website
efcc.gov.ng