The Economic and Financial Crimes Commission (EFCC) is stepping up with advanced digital forensic technology, broader public education, and stricter compliance frameworks to tackle emerging economic crimes and improve Nigeria’s productivity. EFCC Chairman Mr. Olanipekun Olukoyede highlighted these initiatives at the WorldStage Economic Summit 2025 in Lagos, focusing on the need to curb threats such as cybercrime, cryptocurrency fraud, and illicit trade financing.
Olukoyede, represented by Chief Superintendent Adeniran Adebayo, emphasized that corruption is both a moral and economic challenge undermining productivity and investment by creating an uneven playing field. He stressed that every naira lost to corruption means fewer schools, hospitals, infrastructure, and jobs—discouraging both local and global investors.
The EFCC has restructured its operations around prevention, investigation, and prosecution, collaborating with domestic and international partners. Key steps include business compliance frameworks, engagement with the Presidential Enabling Business Environment Council (PEBEC), use of data analytics and technology, international collaborations, and asset recovery worth billions of naira redirected to vital social sectors.
Olukoyede called for integrity to be embraced as a national culture, highlighting the role of ethical business in building public trust, driving competition, and attracting investment. He positioned the EFCC as a partner in progress, advocating for sustainable prosperity through anti-corruption reforms institutionalized in collaboration with the judiciary, legislature, and civil society.
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