The problem with Economic and Financial Crimes Commission

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In every government or institution, there is a corresponding invisible hand that remote-controls its affairs with immense influence over decision-making process, predominantly on matters of interest.

In most cases, while the head, and perhaps, the kitchen cabinet, may be aware of this imperceptible parallel, it is mostly unknown to other members of the team, who ignorantly, believe that the administration’s decisions are without external interference.

Under this circumstance, what courage can the Commission’s Chairman muster to prosecute the President’s loyalists without upsetting his ego and sensibilities? This is the burden of the EFCC. Until the power to appoint the Chairman of the Commission is removed from the President, the head of EFCC will continue to operate under dominance and influence of the President, doing his bid and covertly yielding to his whims and caprices, without ethical courage to act otherwise.

Evidently, circumstances that had led to sack of all past chairmen of EFCC could be linked to invisible hand of the President. To avoid this route, EFCC handles high profile cases deemed to have ties with the President with caution, classifying them as persons with blue blood in their veins. This is the trouble with EFCC, and why it is unable to effectively wage war against financial crimes and money laundering.

The Nigerian environment is fraught with financial crime and money laundering, particularly the political space, yet, EFCC pretends not to know. Politics is a big industry and quick source of unearned income where people become multi-millionaires or billionaires overnight just by participation in politics or serving in the Executive, Legislature or the Judiciary.

Sadly, since the formation of EFCC, corruption, including financial crimes and money laundry have been on the upward swing.

 

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