US EditionEFCC Boss, Olukoyede Begs NASS for Promulgation of Law Against Unexplained Wealth
FEDERAL CAPITAL TERRITORY, NIGERIA, JUL 9 – EFCC reveals investigations into oil sector corruption with contracts awarded without funds and calls for legal measures to hold public officers accountable for unexplained wealth.
- On Wednesday, July 9, 2025, EFCC Chairman Ola Olukoyede lamented secrecy in oil sector operations and called for tighter financial oversight at the Abuja conference.
- Olukoyede highlighted the absence of laws criminalising unexplained wealth, noting previous bill rejection and the requirement to prove a predicate offence hampers prosecution.
- EFCC investigations reveal shocking discoveries in Nigeria's extractive sector, tracing looted assets in countries like America, Turkey, and Iceland, with initial reviews of NNPC books showing widespread corruption.
- Ola Olukoyede linked resource mismanagement to insecurity, urging passage of the unexplained wealth bill to combat banditry, kidnapping, and terrorism.
- On July 11, EFCC Chairman Ola Olukoyede warned at AU Anti-Corruption Day that virtual asset scams are rising as politicians hide loot in cryptocurrencies, with the EFCC actively countering these digital frauds.
23 Articles
23 Articles
Lacson bills strip officials of bank secrecy
Sen. Panfilo Lacson has filed two bills that seek to prevent government officials and employees from hiding ill-gotten wealth by stripping them of their secrecy rights under existing laws on bank and foreign currency deposits.
EFCC boss, Olukoyede begs NASS for promulgation of law against unexplained wealth
The Executive Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has appealed to the National Assembly to enact a law against unexplained wealth. He said such a law would engender the fight against economic and financial crimes and other acts of corruption. In a statement by the EFCC Spokesperson, Dele Oyewale on Wednesday, the chairman made the plea at National Conference on Public Accounts and Fiscal Governance convened b…
Vanguard News
EFCC boss tasks NASS on passage of Unexplained Wealth Bill
Olukoyede To NASS Members: Give Us A Law Against Unexplained Wealth
The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has charged members of the National Assembly to enact a law against unexplained wealth, stressing that it will boost the fight against economic and financial crimes and other acts of corruption. He made the call in Abuja on Wednesday, July 9, 2025, [...] Source from InfoStride News
Fraudulent Nigerian politicians now hiding their loot in cryptocurrencies – EFCC Chairman
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said the anti-graft agency’s investigation has revealed that fraudulent politicians in the country are now hiding their looted funds in cryptocurrencies. According to a statement from the Commission, Olukoyede revealed this on Thursday at a Public Lecture in commemoration of the 2025 African […] The post Fraudulent Nigerian politicians now hiding their loot in cr…
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