The Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has explained the new direction of the anti-corruption fight in the country.

He spoke in Abuja on Thursday, June 20, 2024 when a combined delegation of the management team of National Bureau of Statistics (NBS), led by Statistician General of the Federation, Prince Adeyemi Adeniran and the United Nations Office on Drug and Crime (UNODC) led by its representative, Oliver Stolpe and his deputy, Danilo Campisi paid him a working visit at the EFCC’s corporate headquarters.

Olukoyede explained that, without prejudice to the impact of enforcement, preventive frameworks offer better prospects.

“In the EFCC we have been doing a lot of enforcement over the years and we are known for that and have recorded quite a number of successes with it. Yes, we believe in enforcement and we are still applying that very seriously but we resolved that we are no longer going to allow money to be stolen before we go into action and that’s what we have been doing”, he said.

He further explained that going by his survey and experiences over the years in the area of asset recovery, if N10 or $10 is stolen, it may cost about N4 or $4 to recover it, but to prevent N10 or $10 from being stolen, less than N1 or $1 may be spent.

“So, prevention is a more effective way of fighting corruption and that is where we are channeling more strength without necessarily undermining the importance of enforcement. We just created a whole department for that purpose. We call it Fraud Risk Assessment and Control, FRAC”, he said.

While acknowledging Adeniran’s efforts at the NBS, Olukoyede noted that Nigeria’s developmental processes would be much hampered without data and statistics.

“Thank you for your efforts in seeing that Nigeria made progress. We need facts and figures and statistics to add value to developmental processes. Statistics is important to development and we appreciate the work that you are doing for the evolution of our developmental processes”, he said.

While praising Stolpe for his partnership with the EFCC over the years and particularly his support for good governance in the country, Olukoyede noted that the whole essence of the anti-corruption fight was to create good governance. Adeniran and Stolpe on their part praised the EFCC for the front roles it is playing in the nation’s anti-corruption fight and the many ways the Commission collaborates with their respective organisations.

______________________________________________________________________ “Timely And Groundbreaking” — Babalola, Nnawuchi Release Casebook On Privacy & Data Protection In NigeriaA timely new publication, Casebook on Privacy & Data Protection in Nigeria, co-authored by Olumide Babalola and Uchenna Nnawuchi, 📘Casebook on Privacy & Data Protection in Nigeria is now available on Amazon: https://a.co/d/8TmFZrd ______________________________________________________________________ Groundbreaking Guide For Lawyers: Adigwe Publishes ‘Artificial Intelligence For Lawyers’ With Free Research eBook Authored by Ben Ijeoma Adigwe Esq., ACiarb (UK), LL.M, Dip. in Artificial Intelligence, Director at the Delta State Ministry of Justice, Asaba, Nigeria. How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌎 Website: www.benadigwe.com Ebook Version: Access it directly online at https://selar.com/prv626 ______________________________________________________________________ Explore Nigeria’s Constitutional System — 17 Chapters, 924 Pages Of Insight By Prof. Hagler Sunny Okorie
“Constitutional Law and Constitutionalism in Nigeria” By Prof. Hagler Sunny Okorie
Call to Order Your Copy: 📞 0803 766 7945 | 0802 863 6615 | 0803 225 3813 ✉️ haglersoco@gmail.com 🏢 Winners Chambers, 135 Ehi Road, Aba, Abia State ___________________________________________________________________ The books are available for purchase at: Online: www.educodex.com | www.selar.com | www.amazon.com | www.mikeozekhome.com Enquiries: +234 704 044 9375 | +234 814 813 4773 | +234 816 872 3532 Email: educodexl@gmail.com ______________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ______________________________________________________________________ Alexander Payne Co. Law Reports

Contact & Orders 📞 0704 444 4777 | 0704 444 4999 | 0818 199 9888 🌐 www.alexandernigeria.com