Follow Us on Google
From Ndubuisi Orji, Abuja
The House of Representatives has said it was committed to enacting legislation that would strengthen the anti-graft agencies, especially the Economic and Financial Crimes Commission ( EFCC) and the Nigerian Financial Intelligence Unit
(NFIU).
The chairman, House Committee on Financial Crimes, Ginger Onwusibe, stated this, yesterday, while speaking at a budget defence session with the EFCC and NFIU.
Onwusibe, who spoke before the panel went into a closed door session for the budget defence, noted that the two agencies play key roles in tackling financial crimes, which are impacting the country’s economy adversely, hence the need for a legal framework that would enhance their operations.
According to him, “the EFCC and NFIU play vital roles in combating financial crimes, which are significant drains on our economy. Your work is crucial in recovering stolen assets, deterring corruption and financial malfeasance, enhancing financial stability and security.
Other News
“On our part, the 10th House of Representatives, under the leadership of the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, is committed to making legislative interventions that are effective and impactful. “We remain resolute in our duty to craft laws that are robust, coherent and responsive to evolving criminal tactics.
“Recently, the committee considered four bills that are pivotal to our national resolve to promote transparency, protect public resources, restore confidence in our financial system, and align Nigeria with global best practices.
“Collectively, these bills aim to modernise our laws, bridge operational gaps, enhance enforcement mechanisms and ensure that crime does not pay, regardless of its sophistication or disguise.”
The lawmaker commended the EFCC and the NFIU for their efforts in combating financial crimes in the country, stating that they had made significant progress.
“The EFCC has made significant recoveries in Nigeria. As of October 2025, the EFCC recovered over ₦566 billion, $411 million and 1,502 properties, secured 3,175 convictions and demonstrated the NFIU’s crucial role in enhancing financial intelligence, thereby demonstrating the agencies’ capabilities and dedication,” he stated
