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Economic and Financial Crimes Commission

Investigates and prosecutes economic and financial crimes.

Legal basisWebsite

Executive Chairman of the EFCC

OOOla OlukoyedeAppointed 2023

What the Constitution says

The Constitution does not create this body. It is set up by an Act of the National Assembly, so its powers and how its head is chosen are set by that law, which the Assembly can amend.

2026 budget

All ministries

₦88.6 billion0.1% of the ₦68.32 trillion budget

  • Salaries ₦44.8 billion
  • Running costs ₦21.0 billion
  • Projects ₦22.8 billion

Source: 2026 Appropriation Act, p.32 · line 0111009001

Where it appears in the news

  • EFCC Begins Probe Of Suspect Arrested With $265,000 In Kano

    Sep 30, 2026

    The Nigerian passenger from New Delhi was intercepted after undeclared foreign currency was found hidden in his luggage.

    channelstv.com ↗

  • EFCC Secures Forfeiture Of 431 Phones Allegedly Linked To Chinese Cyber-Fraud Case

    Sep 30, 2026

    The Commission had asked the court to permanently forfeit the devices, which it alleged were acquired with proceeds of unlawful activities and used in perpetrating internet fraud.

    channelstv.com ↗

  • Drug, cybercrime proceeds now target elections — EFCC

    Sep 30, 2026

    By John Alechenu, Abuja ABUJA — The Economic and Financial Crimes Commission, EFCC, has raised concerns over the deployment of illicit funds, including proceeds from drug trafficking, cybercrime and stolen public funds, to finance elections in Nigeria. The Com

    vanguardngr.com ↗
Senate of Nigeria confirms Economic and Financial Crimes CommissionNational Assembly oversees Senate of Nigeria. s.47–49: The National Assembly is two chambers, the Senate and the House of Representatives, and voters elect both.People of Nigeria elects National Assembly. s.47–49: The National Assembly is two chambers, the Senate and the House of Representatives, and voters elect both.President of the Federal Republic of Nigeria appoints Economic and Financial Crimes CommissionPeople of Nigeria elects President of the Federal Republic of Nigeria. s.132–134: Voters elect the President every four years. To win outright, a candidate needs the most votes and at least a quarter of the votes cast in two-thirds of the states and the FCT.Olayemi CardosoOla OlukoyedeMusa Adamu AliyuJoash AmupitanHafsat Abubakar BakariAnthony OjukwuMohammed Bello ShehuVacant seatFemi GbajabiamilaHashimu Salihu ArgunguAyo Hulayat OmidiranBashir AbubakarShaakaa Kanyitor ChiraNasir Isa KwarraTunji OlaopaGeorge AkumeAdebowale AdedokunNuhu RibaduAbel Olumuyiwa EnitanNyesom WikeJoseph Olasunkanmi TegbeShuaibu Abubakar AuduDavid UmahiAyodele OlawandeAbubakar Atiku BaguduMuhammad Ali PateMuhammadu Maigari DingyadiAdegboyega OyetolaChristopher Gwabin MusaTaiwo OyedeleMuttaqa Rabe DarmaLateef Olasunkanmi FagbemiKingsley T. UdehFestus KeyamoJumoke OduwoleOlubunmi Tunji-OjoMaruf Tunji AlausaIdi Mukhtar MaihaBola Ahmed TinubuAbubakar KyariBalarabe Abbas LawalMohammed IdrisImaan Sulaiman-IbrahimBosun TijaniIbrahim GaidamOladele Henry AlakeZephaniah Bitrus JisaloSa'idu AlkaliBianca Odumegwu-OjukwuJoseph Terlumun UtsevHannatu Musa MusawaBernard M. DoroAbubakar MomohKudirat Kekere-EkunKudirat Kekere-EkunMonica Dongban-MensemJohn TsohoMainasara Umar KogoJUDICIALLEGISLATIVEEXECUTIVEFECNATIONAL ASSEMBLYPRESIDENCYFEDERAL BODIESMINISTRIESAbuja, Federal Capital TerritoryPeople of Nigeria
Key

Entities

Relationships

ElectsAppointsConfirmsOverseesChairs

  • EFCC, NFIU prepare for fresh FATF evaluation, after Nigeria's exit from grey list

    Sep 29, 2026

    Nigeria exited the FATF grey list in October last year following its “significant progress” in improving its anti money laundering and counter terrorist financing regime.

    premiumtimesng.com ↗

  • EFCC opens probe into suspect arrested with $265,000 cash at Kano airport

    Sep 29, 2026

    EFCC said operatives of the Nigeria Customs Service (NCS) intercepted the suspect, Adam Musa Adam, during a routine screening operation at at the Mallam Aminu Kano International Airport (MAKIA) Kano, Kano State.

    premiumtimesng.com ↗

  • Court convicts 21 firms of operating illegal investment schemes, imposes N630m fines

    Sep 28, 2026

    The EFCC accused the convicted 21 firms of acting in violation of section 57 (1) of the Banks and Other Financial Institutions Act of 2020.

    premiumtimesng.com ↗