What does EFCC do?
The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering.
What is the mandate of the EFCC?
The Economic and Financial Crimes Commission, EFCC, has re-affirmed its commitment towards pursuing its mandate of educating, enlightening and sensitising the public against corruption and economic crimes.
Whats the full meaning of EFCC?
The Nigerian Economic and Financial Crimes Commission (EFCC) has been one of the more vocal – and at times controversial – anti-corruption agencies in Africa.
Who founded EFCC?
Olusegun ObasanjoEconomic and Financial Crimes Commission / FounderChief Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo, GCFR, is a Nigerian political and military leader who served as Nigeria’s head of state from 1976 to 1979 and later as its president from 1999 to 2007. Wikipedia
What is financial crime Nigeria?
It’s common and rampant in public sector and its basis of slow development in Nigeria public sector environment. (Mukoro, Yamusa and Faboyede, 2013) posited that financial crime includes money laundering, bribery, looting, embezzlement, fraud; tax evasion, foreign exchange malpractice and oil bunkering.
Is Bawa a police officer?
Abdulrasheed Bawa (born 30 April 1980) is a Nigerian detective and law enforcement agent who is currently serving as the Chairman of Economic and Financial Crimes Commission (EFCC) since 24 February 2021.
Who is the current chairman of the Economic and Financial Crimes Commission?
What is the punishment for money laundering in Nigeria?
The maximum penalties are a term of imprisonment of between seven to 14 years, a fine of at least 1 million Naira for individuals and the prosecution of the principal officers of the corporate body and its winding up, or the winding up and forfeiture of assets and properties for legal persons.
Which state is abdulrasheed Bawa from?
Abdulrasheed Bawa was born in 1980 and hails from Jega, Kebbi state.
When was abdulrasheed Bawa born?
April 30, 1980 (age 42 years)Abdulrasheed Bawa / Date of birth
Who is the current Chairman of EFCC 2021?
With his appointment by President Muhammadu Buhari, GCFR, on February 16, 2021, and confirmation on February 24, 2021, Abdulrasheed Bawa becomes the fourth Executive Chairman of the Economic and Financial Crimes Commission, EFCC.
Who is the current Chairman of EFCC 2022?
What is the function of the EFCC?
The Act mandates the EFCC to combat financial and economic crimes. The Commission is empowered to prevent, investigate, prosecute and penalise economic and financial crimes and is charged with the responsibility of enforcing the provisions of other laws and regulations relating to economic and financial crimes, including:
Is leadership and ethical values training important for EFCC officers?
A two-day training on Leadership and Ethical Values for officers of the Economic and Financial Crimes Commission (EFCC) began on Monday, December 21, 2020 in the Commission Headquarters, Jabi, Abuja with the Secretary to the Commission, Dr. George Ekpungu, stressing the importance regular training in enhancing staff capacity and productivity.
Did EFCC arrest another suspect with 576 ATM cards at Kano Airport?
Barely two hours after the Economic and Financial Crimes Commission, EFCC, secured the conviction of three smugglers who were arrested with 1,144 ATM Cards at Malam Aminu Kano International Airport, the Kano Command of the Commission again arrested another suspect at the same Airport with 576 ATM Cards.