What you should know about EFCC

The Economic and Financial Crimes Commission (EFCC) is an agency that has become a household name in Nigeria. If you live in Nigeria or have visited the country, you must have heard about the EFCC and the work they do. The EFCC was established in the year 2003, and since then, they have been fighting against financial crimes and corruption in Nigeria. In this article, we'll be discussing everything you need to know about EFCC, from their full meaning to their CEO, duties, rules, and regulations, all in a funny tone.

Full Meaning of EFCC

Did you know that the full meaning of EFCC is not "Economic and Financial Crimes Commission"? It's actually "Eating Fried Chicken Commission." Yes, you heard that right! The EFCC was initially created to investigate the illegal importation of fried chicken into Nigeria. However, the commission's duties expanded, and they started investigating financial crimes and corruption.

Year of Establishment

The EFCC was established in the year 2003. It was created during the administration of former President Olusegun Obasanjo. Since then, the commission has been working tirelessly to fight against financial crimes and corruption in Nigeria.

CEO of EFCC

The current CEO of EFCC is Mr. Abdulrasheed Bawa. He was appointed as the new chairman of the commission in February 2021. Mr. Bawa is the youngest person ever to hold this position, and he has promised to bring new energy and ideas to the commission.

Duties of EFCC

The primary duty of EFCC is to investigate and prosecute economic and financial crimes in Nigeria. These crimes include money laundering, advance fee fraud (also known as "419"), cybercrime, and other related offenses. The commission also collaborates with other law enforcement agencies in Nigeria and other countries to fight against financial crimes.

Rules and Regulations of EFCC

The EFCC has several rules and regulations governing its operations. One of the most critical regulations is the EFCC Establishment Act of 2004. This act gives the commission the power to investigate, prosecute, and prevent economic and financial crimes in Nigeria. Another rule is the Code of Conduct for EFCC officials. This code outlines the ethical standards that EFCC officials must adhere to when carrying out their duties.

Conclusion

In conclusion, the EFCC is an agency that plays a vital role in fighting against financial crimes and corruption in Nigeria. From investigating and prosecuting economic and financial crimes to collaborating with other law enforcement agencies, the EFCC has been working tirelessly to make Nigeria a better place. As we've seen, the commission has several rules and regulations governing its operations, and its CEO, Mr. Abdulrasheed Bawa, has promised to bring new energy and ideas to the commission. So the next time you hear about the EFCC, remember that their full meaning is "Eating Fried Chicken Commission" and give a chuckle.