Economic and Financial Crimes Commission - wikipedia Economic and Financial Crimes Commission `` EFCC '' redirects here. For the Canadian evangelical denomination, see Evangelical Free Church of Canada. For the British evangelical denomination, see Evangelical Fellowship of Congregational Churches. Economic and Financial Crimes Commission Common name Economic and Financial Crimes Commission Abbreviation EFCC Agency overview Formed 2003 Jurisdictional structure Federal agency ( Operations jurisdiction ) Nigeria Operations jurisdiction Nigeria Legal jurisdiction Financial crimes Governing body President of Nigeria Constituting instrument EFCC Establishment Act 2004 General nature Federal law enforcement Headquarters No. 5 Fomella Street, Off Adetokunbo Ademola Crescent, Wuse II, Abuja Agency executive Ibrahim Magu, Acting Chairman Website https://www.efccnigeria.org The Economic and Financial Crimes Commission ( EFCC ) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud ( 419 fraud ) and money laundering. The 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 agency has its head office in Abuja. Contents 1 History 2 Mission statement 3 Vision 4 Prominent Nigerian Arrested by EFCC 5 References 6 External links History Under the previous EFCC chairman Nuhu Ribadu, the agency has addressed financial corruption by prosecuting and convicting a number of high - profile corrupt individuals, ranging from Nigeria 's former chief law enforcement officer to several bank chief executives. By 2005, the EFCC arrested government officials including, Diepreye Alamieyeseigha. In September 2006, the EFCC had 31 of Nigeria 's 36 state governors under investigation for corruption. In December 2007, the Nigerian Federal Government, after extensive investigations by EFCC and other organisations, cleared the Vaswani brothers of any wrongdoing and invited them back into the country. Leading Nigerian daily `` This Day '' and other major newspapers reported the facts of their clearance quoting text from FG issued directives. In April 2008, the EFCC began an investigation of the very influential daughter of the former Nigerian President, Senator Iyabo Obasanjo - Bello for receiving N10 million ( $100,000 ), stolen from the Ministry of Health. The former Health Minister and her deputy are currently on trial for stealing over N30, 000,000 ( $300,000 ) from the ministry 's unspent funds from last year. On June 6, 2008, Chief ( Mrs ) Farida Mzamber Waziri was sworn in as the new chairperson of the EFCC. Then on the 6th of August 2008, the former chairman Nuhu Ribadu was demoted from Assistant Inspector General ( AIG ) to Deputy Commissioner of Police ( DCP ). Waziri was dismissed by President Goodluck Jonathan on 23 November 2011 and replaced by Ibrahim Lamorde as Acting Chairman, who has since been confirmed on the 15 February 2012 by the Nigerian Senate. Since 2008, its website contains a list of the country 's most wanted criminals. They 're also known for their informal motto WE WILL GET YOU. On September 14, 2010, the head of the Forensic Unit of the EFCC, Abdullahi Muazu, was assassinated in Kaduna. He had been actively involved in the trials of several heads of banks. Mission statement To rid Nigeria of Economic and Financial Crimes and to effectively coordinate the domestic effort of the global fight against money laundering and terrorists financing. Vision An agency operating to best international standards and leading the fight against economic and financial crimes in Nigeria. Prominent Nigerian Arrested by EFCC Olisa Metuh Lawal Jafaru Isa Emeka Mba Jide Omokore 5 Tom Ikimi 6 Air vice Marshal R.A. Ojuawo 7 Ricky Tarfa 8 Bala Ngilari 9 Patrick Akpobolokemi 10 Sambo Dasuki 11 Musiliu Obanikoro 12 Alhaji Abdullahi Dikko 13 Alex Badeh 14 Femi Fani - Kayode 15 Raymond Dokpesi References ^ Jump up to : `` The Establishment Act ''. Economic and Financial Crimes Commission. 2008. Archived from the original on 2008 - 01 - 30. Retrieved 2007 - 05 - 17. Jump up ^ `` Head Office Archived 2011 - 04 - 11 at the Wayback Machine... '' Economic and Financial Crimes Commission. Retrieved on 25 July 2011. `` Head Office No5 Fomella Street, Off Adetokunbo Ademola Crescent Wuse II Abuja. '' Jump up ^ `` Nigeria arrests runaway governor ''. BBC. 9 December 2005. Archived from the original on 21 October 2007. Retrieved 2007 - 05 - 17. Jump up ^ `` Nigeria governors in graft probe ''. BBC. 28 September 2006. Retrieved 2007 - 05 - 17. Jump up ^ http://www.vanguardngr.com/2009/11/court-declares-deportation-of-vaswani-brothers-illegal/ Jump up ^ `` NUHU RIBADU : IS YARÁDUA LEADING A GOVERNMENT OR A GANG ? ''. Nigeria World. 8 August 2008. Retrieved 2008 - 09 - 17. Jump up ^ `` Waziri 's Sack And The Future Of EFCC ''. P.M. News. November 28, 2011. Retrieved 2011 - 12 - 22. Jump up ^ `` The Most Wanted ''. Economic and Financial Crimes Commission. 2008. Archived from the original on 2008 - 01 - 30. Retrieved 2007 - 05 - 17. Jump up ^ `` Gunmen kill EFCC 's forensic team leader in Kaduna ''. NEXT. 15 September 2010. Archived from the original on 18 September 2010. Retrieved 2010 - 10 - 04. ^ Jump up to : https://efccnigeria.org This information is real is needed to take action immediately, This young man is into internet scams also a kidnapper in delta state he has more than 5 cars and 8 house deference places have a group of guys and girls that work with him he has 4 house at delta state university abraka other house at Warri also use black magic he always staying at delta state university abraka they knows him by this name Scott Sucre all the Yahoo guys over there knows him his phone number 09062374294 and pictures External links Nigeria portal Criminal justice portal Economics portal Finance portal https://www.efccnigeria.org -- Official website EFCC Related news Press Nigeria 's struggle with corruption, presented by the chairman of the EFCC to the US Congressional House Committee on International Development Banks take a breath of fresh air as FATF gives clean bill of health Nigeria : EFCC intensifies probe of health ministry, ThisDay newspaper, March 2008 Retrieved from `` https://en.wikipedia.org/w/index.php?title=Economic_and_Financial_Crimes_Commission&oldid=842801763 '' Categories : Law enforcement in Nigeria Government agencies established in 2003 2003 establishments in Nigeria Hidden categories : Webarchive template wayback links Pages using infobox law enforcement agency with unknown parameters Talk Contents About Wikipedia Deutsch Français עברית Yorùbá Edit links This page was last edited on 24 May 2018, at 19 : 09. 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Question: what are the duties of efcc in nigeria
Answer: investigates financial crimes