Table of Contents
- Senate Support for EFCC
- Commendation for President Bola Tinubu
- EFCC's Notable Achievements in 2024
- Comments from Senators
- Concerns Regarding Oversight
- Senate President's Remarks
The Senate has expressed its satisfaction with the Economic and Financial Crimes Commission (EFCC) for its steadfast commitment, professionalism, and remarkable accomplishments in the fight against financial crimes, particularly the outstanding performance in 2024.
Additionally, it has directed its relevant committees to maintain effective oversight and legislative support to enhance the EFCC and other anti-corruption organizations.
The Red Chamber also praised President Bola Tinubu for his strategic backing and dedication to anti-corruption initiatives in Nigeria, which includes appointing competent leadership at the EFCC and ensuring adequate funding.
This came after the adoption of a motion sponsored by Senator Emmanuel Udende (APC Benue North East), who stated that the EFCC received 15,724 petitions in 2024, opened 12,928 case files, filed 5,008 cases in court, and achieved 4,111 convictions, the highest recorded in any single year since the commission's inception in 2003.
He noted that the commission recovered significant amounts in both local and foreign currencies, as well as various forfeited assets, positively impacting Nigeria’s economic landscape and international standing.
“Despite limited resources, staffing challenges, and the growing complexity of financial crimes, the EFCC has remained devoted to its statutory responsibilities.
“Its efforts continue to bolster public trust in the nation’s anti-corruption initiatives and enhance Nigeria’s global reputation,” Senator Udende remarked.
Supporting the motion, Senator Onyekachi Nwebonyi (APC Ebonyi) commended the EFCC’s transformation under the current administration, stating, “This is the first time the EFCC has met the expectations of Nigerians without relying on media trials.”
“They have recovered over N500 billion in 2024 alone. This is commendable,” he said, recognizing President Bola Tinubu for appointing the right individuals to lead key anti-corruption agencies, describing the EFCC's significant progress as a “revolution.”
In his contribution, Senator Saliu Mustapha (APC Kwara Central) expressed concerns regarding the EFCC’s retention of a statutory percentage of recovered funds, questioning whether the necessary legislative approval had been obtained.
He stated, “The EFCC is entitled to a portion of recoveries under the law, but has this chamber ever received any request or communication on this? We must enhance oversight in this area.”
In his comments, the President of the Senate, Senator Godswill Akpabio, clarified that the law mandates the President of Nigeria to seek Senate approval for any such retention, not the EFCC.
He instructed relevant committees to verify whether such requests had been submitted.
“The role of the EFCC is not solely to prosecute but also to deter crime. For every conviction obtained, at least ten other crimes are likely prevented,” the Senate President stated.
He urged the EFCC to continue its operations with transparency and accountability, while assuring that the National Assembly would provide full legislative support to sustain the fight against corruption in Nigeria.
Frequently Asked Questions
What is the role of the EFCC in Nigeria?
The EFCC's primary role is to investigate and prosecute financial crimes, as well as to deter such crimes through effective enforcement of anti-corruption laws.
What achievements did the EFCC accomplish in 2024?
In 2024, the EFCC received 15,724 petitions, opened 12,928 case files, filed 5,008 cases in court, and secured 4,111 convictions, marking the highest performance in a single year since its establishment.
How does the Senate support the EFCC?
The Senate provides legislative support and oversight to strengthen the EFCC and other anti-corruption agencies to enhance their effectiveness in combating financial crimes.
