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Crime expert calls for increased EFCC funding

11 April 2014, 13:03

Abuja - A forensic expert has advocated for funding of the Economic and Financial Crimes Commission (EFCC) to enable it effectively fight corruption.

Friday Wada, the Forensic Accountant Director at the Nigerian College of Accountancy in Jos, Plateau State, said for any meaningful impact to be made in the war against economic crimes and corruption, anti-graft agencies like the EFCC must be funded through a first line charge basis.

He stated this while delivering a paper titled, “Integration of Forensic Accounting for Economic and Financial Crimes Prosecution,” at the monthly Commandant Lecture series of the EFCC Academy in Karu, Abuja. The lecture is part of the series designed to encourage scholarship and improve the capacity of staff for effective and efficient service delivery.

Wada said direct funding of EFCC from the federation account was necessary to guarantee effectiveness and independence of the agency.

“EFCC lacks the kind of support needed for the kind of work it does. It is not easy to fight corruption because a lot of risks are involved and in fact, your work deserves a lot of courage and determination,” said Wada.

He said he believed that for Nigeria to make headway in its fight against corruption, an integration of forensic accounting in the prosecution of economic and financial crimes was imperative.

Formed in 2003, EFCC is a law enforcement agency that investigates financial crimes such as advance fee fraud and money laundering.

– CAJ News

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