The more I prosecute people, the more I recover money, but the more problem we face – EFCC Chairman Reveals

Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), has offered insights into the difficulties the organisation faces in its continuous attempts to battle financial crimes and corruption in Nigeria, according to a report published by Arise News on Wednesday, April 24, 2024....READ FULL ARTICLE

In her remarks on Tuesday, Olukoyede stressed the value of respecting due process and showing consideration for those who are in court, particularly former Kogi State governor Yahaya Bello.

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Addressing concerns surrounding Bello’s impending trial, Olukoyede assured that the EFCC would extend requisite courtesies to him, highlighting the agency’s commitment to fairness and transparency in its legal proceedings.

Furthermore, Olukoyede shed light on the EFCC’s reform agenda, highlighting the establishment of a Fraud Risk Assessment and Control Department.

Through this initiative, the EFCC has initiated probes into various government agencies, including the presidency, National Assembly, judiciary, and the Bureau of Public Procurement (BPP), among others.

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He said, “We have begun with the State House because we believe it is not a place we cannot go to. We met with the president recently, and he asked us to go and do our work. And we wrote to his Chief of Staff to furnish us with the process of awarding contracts and within a week, he replied

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We also wrote to the National Assembly to furnish us with the process of awarding contracts and the cars they buy and, surprisingly, they replied. The same thing with the Chief Justice of the Federation.

“It is not about the investigations and the convictions we have secured but about the source of this crime. The more I prosecute people, the more I recover money, but the more we face this problem.”...READ FULL ARTICLE

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