Home SOCIETY GIST COMMUNITY GIST FG INAUGURATES EFCC GOVERNING BOARD AFTER SIX YEARS

FG INAUGURATES EFCC GOVERNING BOARD AFTER SIX YEARS

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By Aishat Momoh. O.

The Economic and Financial Crimes Commission’s governing board was inaugurated by the federal government on Thursday.

For the previous six years, the anti-corruption organization has been without a board of directors.

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After President Muhammadu Buhari, sent their names in compliance with the EFCC (Establishment) Act, 2004, the Senate confirmed the nominations of the Secretary of the Commission and Board Members of the Economic and Financial Crimes Commission on October 5, 2021.

During the inauguration, Boss Mustapha, the Secretary to the Government of the Federation, urged the board members to be above board, adding that they should work toward policies that would help the country fight corruption.

“You must, nevertheless, do your best to battle financial and economic crimes in the country,” he stated.

“The commission is charged with the responsibility of enforcing the requirements of various laws and regulations relating to economic and financial crimes, as well as fighting terrorism, and is empowered to prevent, investigate, prosecute, and penalize economic and financial crimes.”

“Let me stress that governing boards are creations of the various institutions’ enabling statutes, with the primary responsibility for providing policy direction to management in order to contribute to the government’s developmental goals.

“I, therefore, expect that all hands will be on deck to generate robust policy initiatives that will help this administration achieve its fight against corruption and revamp the economy.

“Similarly, in carrying out your responsibility as board members, you must also eschew corruption totally as the government will not hesitate to sanction all infractions.”

AbdulRasheed Bawa, the EFCC chairman who also serves as the board’s executive chairman, said the agency had a 98.54 percent success rate in court and that with the inauguration, the agency will improve.

“We recorded 2220 convictions, which is the greatest number ever recorded by the EFCC in a calendar year,” he stated. The EFCC came the closest to that in 2019, with only 1280 convictions.

“Looking at the number of cases we’ve lost in the same calendar, we’ve lost 37.” If you do the arithmetic, you’ll see that we were successful in court 98.54 percent of the time. But, with the inauguration of this board, I am confident that we will be able to perform better, given the amount of knowledge that each of us brings to the table.

“Looking back at all we’ve accomplished and the difficult task ahead of us, And, as you mentioned, Nigeria has succeeded in spreading this problem to other countries; I understand your point of view; we will deal with it. “

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