Fraudulent activities, economic mismanagement, corruption, lack of accountability and transparency have been the bane of the Nigerian economy. Fraud and criminality have remained elusive and therefore brought inefficiency in the system, especially in the public sector.
This menace led to the establishment of The Economic and Financial Crimes Commission (EFCC) in 2002, by an Act of the National Assembly which was later amended in 2004.
EFCC Nigeria is a law enforcement agency that investigates financial crimes such as advanced fee fraud (419 frauds) and money laundering.
Although the body was established partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community’s efforts to fight money laundering, the agency was primarily instituted out of the determination of the Federal Government to root out corruption and sanitize the Nigerian economic environment by enforcing all economic and financial crimes laws.
The Act mandates the EFCC to combat financial and economic crimes and the Commission is empowered to prevent, investigate, prosecute and penalize economic and financial crimes.
Also, the body is charged with and has been investigating cases of abuse of office, diversion of public funds through fraudulent award of contracts, tax fraud, illegal bunkering, terrorism financing, capital market fraud, cyber crime, banking fraud, etc.
The EFCC has a mission to curb the menace of corruption that constitutes the clog in the wheel of progress; protect national and foreign investments in the country; imbue the spirit of hard work in the citizenry and discourage the crave for ill-gotten wealth; identify such ill-gotten wealth and confiscate them; build an upright work force in both public and private sector of the economy; and contribute to the global war against financial crimes and terrorism financing.
The advent of the EFCC has impacted positively on Nigeria’s global acceptance being a turning point in the country’s anti-corruption crusade. Since its establishment, the EFCC has taken the bull by the horns working tenaciously to fulfill its mandate.
To rid Nigeria of Economic and Financial Crimes and to effectively coordinate the domestic effort of the global fight against money laundering and terrorist financing.
To be an agency operating to best international standards and leading the fight against economic and financial crimes in Nigeria.
The EFCC has its head office in Abuja.
The EFCC offers equal opportunity to all prospective employees.
Recruitment of new personnel into the Commission’s service is done as the need arises and could be general or specific. When the process begins interested candidates would be required to apply through the EFCC recruitment portal.