The Executive
Chairman of the Economic and Financial C\rimes Commission, EFCC, Mr. Ola
Olukoyede has called for integrity examination of public officers in Ministries
, Departments and Agencies, MDAs of government to curb economic and financial
crimes and other acts of corruption.
He made the
call in Abuja on Tuesday, July 8, 2025, at the National Conference
on Public Accounts and Fiscal Governance convened by the Public Accounts
Committee of the Senate and House of Representatives. The EFCC’s boss
submitted that only accountable and transparent public officers are good enough
to run the affairs of government . “No
system will work without the right people. That’s why the EFCC is pushing for
integrity testing for public officers across all MDAs”, he said.
He decried the yawning gap between policy
formulation and impact on Nigerians, stressing that systemic weaknesses are
largely responsible for the lack of appreciable impact on the people. He
also pointed at waste, inefficiency, stealing and other acts of dishonesty as
threats to development.
“Despite years of reforms and development plans, the
gap between policy intent and public impact remains wide. A major part of the
problem lies in systemic weaknesses that encourage waste, inefficiency, and
outright theft of public resources.
“ Some of the vulnerabilities include:
Non-compliance with financial regulations— such as approvals beyond
limits, unapproved Duty Tour Allowances, and diversion of public funds to
private accounts. Weak oversight and budget padding— projects with
no developmental value routinely pass through the system. Opaque
financial reporting, especially in the oil and gas sector, where earnings
remain speculative rather than factual”, he said.
He called for transparency and
accountability from all organs of government, especially the Parliament,
stressing that “Parliament cannot demand accountability if it doesn’t practice
it. Fiscal integrity must be the norm in all organs of government. Legislators
must embrace transparent appropriation, resist personal enrichment schemes, and
any action that erodes public trust”.
The EFCC’s boss disclosed that the Commission is
focused on recovery of stolen assets and their deployment to meet the needs of
the people. He specifically stated that the EFCC have recovered and
returned funds to critical institutions such as Niger Delta Development
Commission (NDDC) and NOK University to the Federal Government as
restitution. Besides, Proceeds of crime recovered by the EFCC was the
take-off fund for critical national social investment programmes, including the
Nigerian Education Loan Fund (NELFund) and the Consumer Credit Scheme.
He assured Nigerians that the Commission’s
approach is no longer just about chasing after stolen funds but proactively
stopping financial crimes from happening. He pointed at the establishment of
the new-fangled Fraud Risk Assessment and Control Department to strengthen
internal controls in MDAs as a pragmatic framework of preventing looting of
funds.
“We established the Fraud Risk Assessment and Control
Department to strengthen internal controls in MDAs. We have also
strengthened synergy and collaboration with other international and local law
enforcement agencies to proactively stop illicit financial flows.”
“We believe that these steps coupled with the
bold fiscal reforms under the current administration—especially the removal of
fuel subsidy and unification of exchange rates, will enhance fiscal
transparency in the public sector”, he said.
He called on Nigerians to be more vigilant,
stressing that “ the time we are in calls for greater vigilance by all
stakeholders in the Nigerian project - public officers, non-state actors and
members of the public”
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