The Economic and Financial Crimes Commission’s (EFCC) Executive Chairman, Ola Olukoyede, revealed that the organization’s agents are “re-strategizing” to stop any financial wrongdoing that is linked to Nigerians.
On Monday, Olukoyede gave this speech at the Commission’s Academy in Karu, Abuja, during the first International Criminal Police Organization (INTERPOL)/Japan International Cooperation Agency (JICA) Workshop.
In the midst of INTERPOL’s announcement at the event that money is being illegally transferred from Nigeria to other nations, he gave assurances.
Declaring the four-day training workshop open, the INTERPOL Vice President for Africa, Garba Umar, highlighted that every time criminal money is successfully laundered, the nation’s financial institutions suffer an additional blow.
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“Evidence has shown that every hour, hundreds of thousands of dollars are flowing out of Nigeria to the region and across the world, laundered before it reaches the pockets of criminals to enjoy the profits of their crimes, while hardworking and honest Nigerians pay the price,” he said, as reported by Channels Television.
“With every successful laundering of criminal money, our country becomes more prone to crime more drugs, more fraud, more corruption, and more violence,” he added.
Umar urged stakeholders to re-examine the challenges of fighting transnational crimes in the country and reassess the strategies of relevant agencies.
He also urged law enforcement agencies to reaffirm their determination and unity to Nigeria by providing security to citizens and, by extension, the global community.
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“The only way we can move forward as a country is by working together, identifying common problems, jointly devising solutions, and taking coordinated and cohesive action. Now is the time that we need to go far, by going together,” he added.
Olukoyede, who was represented by Francis Usani, EFCC’s Director of Fraud Risk Assessment and Control, stated that the daunting nature of the fight against corruption in Nigeria and globally requires serious collaboration among organizations responsible for combating corruption.
He informed participants that while the EFCC has made significant progress in tracking and recovering financial crimes, it is now re-strategizing to prevent corruption.
“Our records of convictions and recoveries set us apart, but we will not rest on our laurels. We are committed to doing more, and in this commitment, the EFCC is re-strategizing its operations with a focus on prevention, knowing that it is easier and cheaper to prevent corruption from occurring than to investigate and prosecute it,” he said.
