The ten-day International training, organized by the German Police for Operatives of the Economic and Financial Crimes Commission, and other security agencies ended.
The programme which was geared towards equipping investigators with the fundamental principles in fighting corruption, special aspects in conducting investigation, preventing corruption and supporting investigative measures was a capacity-building and international collaboration, facilitated by the Consulate General of the Federal Republic of Germany.
Recall that the Consulate General of the Federal Republic of Germany in 2015, Mr. Ingo Herbert assured the Economic and Financial Crimes Commission, EFCC, of regular training opportunities for its staff.
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 2002 and the Commission has high-Ievel support from the Presidency, the Legislature and key security and law enforcement agencies in Nigeria.
The act however mandates the EFCC to combat financial and economic crimes. The commission is empowered to investigate, prosecute and penalise financial and economic crimes and it’s charged with the responsibility of enforcing the provisions of other laws relating to financial crimes, money laundering and other offences.
