RismadarVoice Reporters
July 23, 2026
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has assured Nigerians that the Commission is adequately equipped to tackle emerging financial crimes despite the increasing sophistication of fraud schemes.
Olukoyede gave the assurance at the inaugural Town Hall Meeting of the EFCC’s Zero Tolerance Club at Ahmadu Bello University, Kongo Campus, Zaria.
Represented by the Head of the Economic Governance Section of the EFCC Kaduna Zonal Directorate, Assistant Commander of the EFCC (ACE II) Sadiq Abubakar, the EFCC chairman delivered a keynote address titled “Following the Money: Legal Loopholes and the Fight Against Corruption in Nigeria.”
He described corruption as one of the greatest challenges confronting Nigeria and other developing countries, noting that it weakens public institutions, erodes public confidence, discourages investment and diverts resources meant for national development.
According to Olukoyede, although technological advancements have enabled fraudsters to develop more sophisticated methods of committing financial crimes, the EFCC has also strengthened its operational capacity through modern investigative techniques and innovative enforcement strategies.
He reaffirmed the Commission’s commitment to intensifying anti-corruption advocacy and strengthening efforts to combat economic and financial crimes across the country.
The EFCC chairman, however, identified delays in Nigeria’s criminal justice system as one of the major obstacles to the fight against corruption.
He explained that effective anti-corruption efforts require timely investigation, prosecution and adjudication, warning that prolonged court proceedings weaken criminal cases and reduce public confidence in the justice system.
Olukoyede called for stronger transparency, accountability and enforcement mechanisms to improve the country’s anti-corruption framework.
Also speaking at the event, the Dean of the Faculty of Law, Ahmadu Bello University, Professor Salim Bashir Magashi, who represented the Vice-Chancellor, commended the initiative, describing it as an important platform for promoting integrity among students and discouraging fraudulent behaviour.
The programme also featured a debate by members of the EFCC Zero Tolerance Club on the topic: “Nigeria Urgently Needs a Specialised Anti-Corruption Court, Separate from Other Courts to Handle EFCC Cases.”
The Staff Adviser of the Zero Tolerance Club, Bukar Suleiman, said the club was established to promote accountability within student leadership and encourage ethical conduct among students.
He urged members of the university community to shun all forms of corruption, warning that involvement in fraudulent activities could jeopardise their future careers and personal development.
