🔍 Ever wondered how the EFCC wields such authority and why their role is so crucial? Here’s the explanation!
The Economic and Financial Crimes Commission (EFCC) is key to maintaining financial integrity in Nigeria. They enforce all economic and financial crime laws, protecting the nation from fraud and corruption.
📜 Section 6(b) of the EFCC Act empowers them to investigate financial crimes like advance fee fraud, money laundering, counterfeiting, illegal charge transfers, futures market fraud, computer credit card fraud, contract scams, and more. If you engage in these activities, they might pursue you!
⚖️ Section 13(2)(a) of the EFCC Act grants them the authority to prosecute these offenses. The courts support their power, as seen in the case of Joseph Nwobike SAN v. Federal Republic of Nigeria.
The EFCC’s work is vital for economic stability and justice, ensuring that offenders face consequences for their actions.