April 13, 2003
When was the EFCC Act Enacted?
The EFCC Establishment Act was first enacted in 2002 and amended in 2004.
Why was the EFCC Established?
The EFCC was established because of the determination of the Federal Government to combat fraudulent activities of some Nigerians and foreigners, mismanagement in the economic sector, corruption by public officials and lack of accountability and transparency that led to the listing of Nigeria as a haven for money laundering and other financial crimes. The EFCC was therefore established with the mandate to sanitize the system.
How is the Commission managed on a day-to-day basis?
