Nigeria
The Economic and Financial Crimes Commission (EFCC) was established in 2003, 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 legal instrument backing the EFCC is the EFCC Establishment Act from 2004, which mandates the EFCC to prevent, investigate, prosecute and penalize financial and economic crimes. According to the Economic and Financial Crimes Commission (Establishment) Act, the EFCC is the designated Financial Intelligence Unit (FIU) in Nigeria, which is charged with the responsibility of coordinating the various institutions involved in the fight against money laundering and enforcement of all laws dealing with economic and financial crimes in Nigeria.
Anti Corruption Profile
Economic and Financial Crimes Commission is the agency leading the fight against corruption, economic and financial crimes in Nigeria, in conformity with international best practices. EFCC is charged with the responsibility of enforcing all economic and financial crimes laws in Nigeria. The Commission thus investigates and prosecutes all economic and financial crimes. The preponderance of economic and financial crimes like Advance Fee Fraud (419), Money Laundering, etc has had severe negative consequences on Nigeria, including decreased Foreign Direct Investments in the country and tainting of Nigeria's national image. The menace of these crimes and the recognition of the magnitude and gravity of the situation led to the establishment of the Economic and Financial Crimes Commission (EFCC). The legal instrument backing the Commission is the attached EFCC (Establishment) Act 2004.
NACA Leadership
DCP. Mohammed Umar Abba – Ag. Executive Chairman (EFCC)
Mohammed Umar Abba was born on the 22nd of June 1965. He hails from Tudun Wada Lacoal Government Area of Kano State, North Western Nigeria. Umar attended Masallachi Primary School, Government Secondary School and Bayero University all in Kano State Nigeria. He undertook his National Youth Service at The old Anambra State Police Command which motivated his decision to join the Nigerian Police Force. Umar was commissioned into the Nigerian Police Force in 1992 at the Nigeria Police Academy, Kaduna State, Nigeria. He rose through the ranks from an Assistant Superintendent of Police to Chief Superintendent of Police between 1992 to 2015 while holding the offices of State PRO, Divisional Crime Officer, Assistant Force PRO, Divisional Police Officer, 2I/C State CID, 2I/C Area Commander and CSP Administration at various formations and commands of the Nigeria Police Force In January 2016 he was seconded to the Economic and Financial Crimes Commission to Head the Counter Terrorism and General Investigation Section at the headquarters in Abuja, Nigeria. Umar rose through the ranks in the EFCC to become the Director of Operations in 2017 and was also promoted to Assistant Commissioner of Police in 2016 and Deputy Commissioner of Police in the year 2019. Umar is presently the Ag. Executive Chairman of the Economic and Financial Crimes Commission.
