The Economic and Financial Crimes Commission (EFCC) was established during the Obasanjo era. This body was charged with the responsibility of investigating economic and financial crimes.
All through the years, the EFCC has recorded some successes and failures in fighting advance fee fraud, money laundering amongst others. If you want to know the EFFC office address in Lagos, we shall provide that information in this post.
The commission virtually has its presence in all 36 states in Nigeria but the headoffice is in Abuja, the Federal Capital Territory (FCT). The functions of the EFCC was primarily investigation of economic and financial related issue.
Some people are skeptical about the Economic and Financial Crimes Commission role in today’s politics as cases of the current administration using the commission to go after its enemies and the opposition in the guise of fighting corrupt element in the society is on the high.
Before the EFCC office in Lagos was established, in 2003, the Financial Action Task Force on Money Laundering (FATF) ranked Nigeria as one of the most corrupt countries of the world as it was not cooperative in its fight against money laundering in the international commuinity.
The activities of the EFCC is guided by the following laws:
- The Money Laundering Act 1995
- The Money Laundering (Prohibition) Act 1995
- The Advance Fee Fraud and other fraud related offences act 1995
- The Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act 1994
- The Banks and other Financial Institutions Act 1991 and
- The Miscellaneous Offences Act 2004.
The above Acts empowered the EFCC with the responsibility to enforce the provisions of the laws that deals with financial and economic crimes. The Commission also prevents, investigates, prosecute and penalise offenders.
Mission & Motto
As seen on the EFCC logo, the mission statement of the commission is to rid Nigeria of Economic and Financial Crimes while their motto is ‘We will get you.’ The EFCC is headed by a chairman, usually a senior police officer.
List of EFCC Past & Present Chairman
1. Nuhu Ribadu (2003-2007)
2. Ibrahim Lamorde (Acting Chairman, 2008)
3. Farida Mzamber Waziri (2008-2011)
4. Ibrahim Lamorde (2011-2015)
5. Ibrahim Magu (2015 – date)
These individuals were also police officers. The current chairman of the commission is Ibrahim Magu.
Since Magu became the chairman of the commission, it seems the EFCC offices have come alive again to its duties as many economic and financial crimes have being actively investigated. There are so many cases in court too.
Some prominent Nigerians arrested by the EFCC include:
- Alex Badeh
- Alhaji Abdullahi Dikko
- Bala Ngilari
- Emeka Mba
- Femi Fani-Kayode
- Jide Omokore
- Lawal Jafaru Isa
- Musiliu Obanikoro
- Patrick Akpobolokemi
- Raymond Dokpesi
- Ricky Tarfa
- Sambo Dasuki
- Tom Ikimi
EFCC Office Address in Lagos
The address of EFCC Office in Lagos is located at 15A, Awolowo Road, Ikoyi, Lagos state.