Economic and Financial Crimes Commission

What Economic and Financial Crimes Commission does

The Economic and Financial Crimes Commission (EFCC) is Nigeria's primary federal law enforcement agency dedicated to combating economic and financial crimes. Established by an Act of the National Assembly on December 12, 2002, and operational since April 13, 2003 under Mallam Nuhu Ribadu, the Commission was created in response to Financial Action Task Force (FATF) pressure on money laundering. The original 2002 Establishment Act was repealed and re-enacted as the EFCC Act 2004, signed into law by President Obasanjo on June 4, 2004, strengthening the agency's mandate. EFCC investigates and prosecutes advance fee fraud (419), money laundering, public sector corruption, terrorism financing, illegal mining and mineral smuggling, cryptocurrency fraud, currency smuggling, and POS operator fraud, while also conducting asset forfeiture proceedings.

EFCC operates through a headquarters in Abuja and 15 zonal commands across Nigeria, including Lagos, Port Harcourt, Enugu, Kano, Gombe, Ibadan, Kaduna, Benin, Makurdi, Sokoto, Ilorin, Uyo, Maiduguri, and the newly inaugurated Ado-Ekiti directorate (June 2026). Its public-facing digital products include the EFCC Eagle App for petition submission, the Online Petition Submission System, the Wanted Persons Database, the EFCC Convictions Database, the EFCC Auction Platform for disposing of forfeited assets, Interim Forfeiture listings, and Scam & Safety resources. Internally, the SCUML (Special Control Unit against Money Laundering) unit enforces AML/CFT compliance and trains businesses on KYC and suspicious transaction reporting. EFCC Radio 97.3fm supports public education and awareness. Recent technology efforts include a January 2026 MOU with NASRDA to bring geospatial and satellite intelligence into asset tracking and illegal mining investigations.

EFCC does not operate as a commercial enterprise. It is a statutory agency of the Federal Government of Nigeria funded entirely through federal budgetary allocations, with leadership appointed by the President. Its sole institutional "customer" is the Nigerian state, while Nigerian citizens and businesses interact with it as users who submit petitions, report crimes, and benefit from recovered assets. Notable outcomes include N566 billion in recoveries over a two-year period and the identification of 753 duplexes linked to former CBN Governor Godwin Emefiele, alongside ongoing investigations into approximately 200 companies referred by the Corporate Affairs Commission and joint operations with the Nigeria Police Force, Nigeria Customs Service, NFIU, DSS, and NIS. The current Chairman, Olanipekun Olukoyede, has led the agency since October 2023.

Name

Economic and Financial Crimes Commission

Legal name

Economic and Financial Crimes Commission

Website

https://efcc.gov.ng

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Economic and Financial Crimes Commission (EFCC) is Nigeria's federal law enforcement agency established in 2002 to investigate and prosecute economic and financial crimes including fraud, money laundering, corruption, terrorism financing, and illegal mining, funded entirely by the Nigerian federal government.

Ownership category

akta.pro rank

Product category

Government Law Enforcement

akta.pro primary industry

Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL)

akta.pro secondary industries

Organized Retail Crime (ORC) Investigations & Case Building (BPAKAJAH), Forensic Accounting & Fraud Investigation (BPAHABAH), Forensic Accounting & Fraud Investigations (BPAHANAH)

Keywords

• Financial crime investigation
• Anti-corruption enforcement
• Money laundering prosecution
• Asset forfeiture services
• AML compliance regulation

Headquarters

HQ city

Jabi

HQ country

Nigeria

HQ region

Africa

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels4 records

Core offering

The Economic and Financial Crimes Commission (EFCC) is Nigeria's primary statutory law enforcement agency that investigates, prosecutes, and secures convictions for economic and financial crimes including advance fee fraud (419), money laundering, corruption, terrorism financing, illegal mining, currency smuggling, and cryptocurrency fraud. It also operates public-facing digital services such as the EFCC Eagle App, online petition submission, Wanted Persons Database, Convictions Database, Interim Forfeiture Listings, and an Auction Platform for disposing of forfeited assets. The SCUML unit handles Anti-Money Laundering and Counter-Terrorism Financing compliance for designated businesses.

Product overview

EFCC is Nigeria's primary anti-corruption law enforcement agency offering a portfolio of public-facing digital services and internal investigative capabilities. The core offering includes the EFCC Eagle App for mobile petition submission, the Wanted Persons Database for public awareness, Online Petition Submission System, and EFCC Convictions Database. Supporting services include SCUML (Special Control Unit against Money Laundering) for AML/CFT compliance, EFCC Radio 97.3fm for public education, Interim Forfeiture Listings for transparency, Scam & Safety Resources for fraud prevention, and an EFCC Auction Platform for disposing of forfeited assets.

Differentiator

Problem solved

Functional benefit

Products and services

• EFCC Eagle App

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• CAC (Corporate Affairs Commission)coreStrategic or Co-development Partner · 26 June 2026EFCC and CAC met in Abuja to address concerns over unregistered POS operators posing risks to businesses and national security. Both agencies committed to stronger synergy, data sharing, and investigating fraudulent companies. EFCC noted it is currently investigating approximately 200 companies referred by CAC.
• Nigeria Police ForcecoreStrategic or Co-development Partner · 29 April 2026Operatives of the Nigeria Police Force, in collaboration with EFCC, rescued 14 victims abducted by sea pirates along the Calabar-Oron waterways. The rescue was achieved through intelligence-driven operations and strong inter-agency collaboration, with all victims rescued without harm.
• NASRDA (National Space Research and Development Agency)coreTechnology or Integration · 15 January 2026NASRDA and EFCC signed a Memorandum of Understanding in Abuja to combat illegal mining and other crimes using geospatial intelligence. Under the agreement, NASRDA deploys advanced space and geospatial technologies to strengthen EFCC's investigative and asset-tracking capabilities. The partnership aims to strengthen national space regulations and enhance oversight of operators within Nigeria's space sector.
• Nigeria Customs Service, NFIU, DSS, NIScoreStrategic or Co-development Partner · 17 October 2025Nigeria Customs Service collaborated with EFCC, NFIU, DSS, and NIS to hold a workshop in Lagos aimed at strengthening Nigeria's anti-money laundering and counter-terrorism financing efforts through inter-agency cooperation. Recent operations uncovered large cash movements including over $6 million at Lagos airport.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Independent Commission Against Corruption (ICAC): Hong Kong's statutory anti-corruption agency with exclusive powers to investigate and prosecute bribery, fraud, and related economic crimes. Closely comparable to EFCC in mandate (anti-corruption enforcement), statutory structure, and zonal presence.
• Serious Fraud Office (SFO): UK agency investigating and prosecuting serious or complex fraud, bribery, and corruption. Comparable to EFCC in its narrow but deep focus on financial crimes, asset recovery function, and reliance on inter-agency cooperation.
• National Crime Agency (NCA): UK lead agency against serious and organized crime, including money laundering, fraud, and corruption. Comparable to EFCC in the breadth of its financial-crime mandate and its role coordinating with international counterparts such as FBI and FATF.
• Central Bureau of Investigation (CBI): India's premier investigative agency for major economic crimes, corruption, and special cases. Comparable to EFCC in domestic scope, statutory investigative powers, and concentration on public-sector corruption.
• Corruption Eradication Commission (KPK): Indonesia's anti-corruption agency with powers to investigate, prosecute, and supervise corruption cases. Comparable to EFCC in its dedicated anti-corruption mandate, asset forfeiture authority, and high-profile public casework.
• Nigerian Financial Intelligence Unit (NFIU): Nigeria's central national FIU responsible for receiving and analyzing suspicious transaction reports. Comparable to EFCC as a domestic counterpart in the AML/CFT ecosystem, with complementary functions on case generation and reporting.
• Corporate Affairs Commission (CAC): Nigerian corporate registry and regulator. Domestic partner of EFCC with a referral pipeline of approximately 200 companies currently under investigation — directly comparable in operational coordination, though its core function is corporate registration rather than enforcement.

Broad incumbents

• Federal Bureau of Investigation (FBI): US federal law enforcement agency with broad jurisdiction covering financial crimes, public corruption, and money laundering. Comparable to EFCC as an international cooperation partner but operates a much wider portfolio beyond financial crime.

Others

• INTERPOL: Global police cooperation organization enabling cross-border investigations and fugitive recovery. Comparable to EFCC as a coordination partner for transnational financial crime cases but does not itself investigate or prosecute.
• Financial Action Task Force (FATF): Intergovernmental body setting global standards for AML/CFT. EFCC was originally established in response to FATF pressure on Nigeria, and FATF continues to shape the regulatory framework within which EFCC and SCUML operate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/officialefcc
• Facebookfacebook.com/officialefcc
• LinkedInlinkedin.com/company/economic-and-financial-crimes-commission-hq

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Economic and Financial Crimes Commission