TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

No mega financial fraud possible without lawyers’ support, says EFCC Chairman

The Editor by The Editor
November 19 2024
in Financial Crimes
A A
0
No mega financial fraud possible without lawyers’ support, says EFCC Chairman

Ola Olukoyede - Chairman, Economic and Financial Crimes Commission (EFCC)

The Chairman, Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says no mega financial fraud, especially illicit financial flows, is possible without lawyers’ support.

Olukoyede stated this during the opening of the 6th Annual Criminal Law Review Conference in Abuja.

The News Agency of Nigeria (NAN) reports that the 5-day event is titled: “Optimising the Administration of Criminal Justice in Nigeria: How to Navigate Emerging and Systemic Challenges of Insecurity and Economic Hardship.”

According to the EFCC chairman, the transfer of huge funds into offshore accounts, preferable in tax haven are aided by lawyers.

“The most traumatic discovery of the EFCC in recent years was the subjugation of national interest and wellbeing to personal interest by lawyers who aided briefcase foreign investors to fleece the nation in dubious transactions.”

“The P&ID scam, the Mambilla Power Project and Sunrise issues are cases in point,” he said.

He said while the anti-graft agency had had cause to prosecute judicial officers and senior lawyers and earned conviction, his respect for the bench and senior members of the bar remained undiminished.

“However, based on the unique experiences of the EFCC in the prosecution of corruption cases, I am particularly interested in systemic reforms in our justice delivery system that capture: The process for the discipline and regulation of judicial officers. The regulation and discipline of legal practitioners. Ethics, values and standards of legal practice. These are essential to me because the job of EFCC is ensuring that the corrupt does not find space in our national life. And when they do, to make them pay for their deeds,” he said.

Olukoyede urged the judiciary “to address the issue of obscene legal fees senior lawyers earn from political office holders, particularly the manner in which they collect such fees which clearly conflicts with existing statutes.”

“If a lawyer would not care about the source from which a sitting governor or any other public servant pays him millions of naira to defend him in electoral tribunal, the lawyer must necessarily be mindful of the fact that the only proper way to collect such humongous amounts is through the financial system.

“Aside from violating money laundering regulations, hauling millions of naira of professional fees from public office holders in liquid cash as senior lawyers do is only aimed at tax evasion. It is needless to stress that the best act of mentoring from leaders of the bar to the younger generation of lawyers is by living out the ethical demands of the profession,” he said.

Lateef Fagbemi, SAN, Attorney-General of the Federation (AGF) and Minister of Justice, said the nation stands at a critical juncture where insecurity and economic adversity present profound challenges to the rule of law and the administration of justice.

“These challenges demand innovative, practical and collaborative approaches to ensure that our justice system remains robust, fair and effective.”

“The Federal Government, under the leadership of His Excellency, President Bola Ahmed Tinubu, is committed to reforming and strengthening our criminal justice system,” he said.

Fagbemi, who was represented by the Director of Public Prosecutions, Abubakar Baba-Doko, said the FG is taking decisive steps to address the root causes of crime, improve law enforcement capabilities and enhance the efficiency of the courts.
He said there is the need to strengthen institutions and legal frameworks; leverage on technology and innovation, and foster collaboration and build public trust.

The President of the National Industrial Court of Nigeria, Justice B.B. Kanyip, said the Administration of Criminal Justice Act (ACJA), 2015, is unmistakably a significant legislation in enhancing efficiency and effectiveness in the justice delivery system in Nigeria.

Kanyip, who was represented by Justice Olufunke Anuwe, said the ACJA helps in expediting criminal trials, decongestion of the correctional centres and the protection of the rights and interests of marginalised persons.
He, however, said that insecurity and economic hardship poses a serious threat to the implementation of the provision of the Act.  – NAN.

Previous Post

The sickle cell breakthrough – Punch

Next Post

Court quashes NBC fine against Trust TV, limits commission’s power

Related Posts

EFCC arraigns Blessing CEO over N36m fraud in Lagos
Financial Crimes

EFCC arraigns Blessing CEO over N36m fraud in Lagos

May 15 2026
Customs intercept stolen Rolls-Royce, Lamborghini, others from Canada
Financial Crimes

Customs intercept stolen Rolls-Royce, Lamborghini, others from Canada

May 10 2026
Fed Govt extends cash transfer programme by two years
Financial Crimes

EFCC declares former Humanitarian Affairs Minister Sadiya Umar Farouq wanted

May 9 2026
Court convicts ex-power minister Mamman of fraud, money, laundering
Financial Crimes

Court convicts ex-power minister Mamman of fraud, money, laundering

May 7 2026
Timipre Sylva denies involvement in alleged coup plot
Financial Crimes

Court orders Sylva to forfeit nine Abuja properties to Fed Govt

May 6 2026
NDLEA, Ghana’s anti-drug agency sign pact to tackle drug cartels
Financial Crimes

NDLEA, Ghana’s anti-drug agency sign pact to tackle drug cartels

May 5 2026
Next Post
Court quashes NBC fine against Trust TV, limits commission’s power

Court quashes NBC fine against Trust TV, limits commission’s power

Tinubu pleads for more time as NLC issues strike notice

Nigeria: Rethink your economic reform strategies - IMF advises Tinubu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

by The Editor
May 12 2026
0

...

Ebonyi State lifts 3-month curfew after bloody boundary crisis

Ebonyi State lifts 3-month curfew after bloody boundary crisis

by The Editor
May 5 2026
0

...

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

by The Editor
April 30 2026
0

...

Service Chiefs: Let the changes count – Punch

Tinubu approves ₦17bn grassroots devt fund for 8,804 wards

by The Editor
April 22 2026
0

...

APPOINTMENTS

Tinubu creates Homeland Security adviser role, appoints ex-army general

Tinubu creates Homeland Security adviser role, appoints ex-army general

by The Editor
May 11 2026
0

...

Soludo appoints MDs for three Anambra agencies

Soludo appoints MDs for three Anambra agencies

by The Editor
May 4 2026
0

...

Tinubu seeks Omidiran, 28 others’ confirmation as FCC members

Tinubu approves immediate assignment of four new permanent secretaries

by The Editor
May 4 2026
0

...

FirstBank confirms appointment of Olayinka Ijabiyi as Group Head, Marketing & Corporate Communications

FirstBank confirms appointment of Olayinka Ijabiyi as Group Head, Marketing & Corporate Communications

by The Editor
May 1 2026
0

...

ODDITIES

Woman allegedly beats 9-yr-old stepdaughter to death

Woman allegedly beats 9-yr-old stepdaughter to death

by The Editor
May 12 2026
0

Police begin disciplinary action against officer in viral misconduct video

Police begin disciplinary action against officer in viral misconduct video

by The Editor
May 10 2026
0

Gombe magistrate lands in jail for bribery

Gombe magistrate lands in jail for bribery

by The Editor
May 7 2026
0

GLOBAL NEWS

Trump to visit China for high-stakes talks with Xi Jinping

Trump to visit China for high-stakes talks with Xi Jinping

by The Editor
May 12 2026
0

...

Macron in fresh push to rebuild France-Africa partnership

Macron in fresh push to rebuild France-Africa partnership

by The Editor
May 12 2026
0

...

Instagram ends support for end-to-end encrypted DMs

Instagram ends support for end-to-end encrypted DMs

by The Editor
May 8 2026
0

...

New York governor bans ICE agents from wearing masks

New York governor bans ICE agents from wearing masks

by The Editor
May 7 2026
0

...

France to raise tuition fees for non-EU students

France to raise tuition fees for non-EU students

by The Editor
May 7 2026
0

...

State of the States

Gov. Radda gifts cars to outstanding Katsina students

Gov. Radda gifts cars to outstanding Katsina students

by The Editor
May 12 2026
0

...

Okpebholo promises justice for slain UNIBEN student

Okpebholo promises justice for slain UNIBEN student

by The Editor
May 11 2026
0

...

Gov. Mbah pledges to end road crashes in Enugu

Enugu govt to build 660MW coal-fired power plant

by The Editor
May 7 2026
0

...

Davido backs Adeleke’s re-election, joins campaign mobilisation in Osun

Otti pledges to keep security as top priority in Abia

by The Editor
May 7 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Man City beat Chelsea 1-0 to win FA Cup

Man City beat Chelsea 1-0 to win FA Cup

May 16 2026
Isaac Fayose loses wife

Isaac Fayose loses wife

May 16 2026
ADC revises primary election timetable, nomination fees

ADC shifts presidential, governorship screenings to May 18

May 16 2026
APC imposes two-week deadline for presidential, guber, NASS forms

APC releases list of disqualified Reps aspirants across states

May 16 2026

EDITORIAL REVIEW

Urgent measures needed against hantavirus – Punch

Urgent measures needed against hantavirus – Punch

by The Editor
May 10 2026
0

Nigeria at critical juncture – Vanguard

The cost of living crisis is becoming a national emergency – PM News

by The Editor
May 7 2026
0

Robbers on the rampage – Punch

Robbers on the rampage – Punch

by The Editor
May 7 2026
0

Outrageous extrajudicial Delta police killing – Punch

by The Editor
May 5 2026
0

Oyedele’s moment: Not business as usual – Punch

Oyedele’s moment: Not business as usual – Punch

by The Editor
May 4 2026
0

Opinion

The dangers of a one-party state

The dangers of a one-party state

by The Editor
May 5 2026
0

...

Dear Senator Tinubu, Buhari has thrashed us all!

NBC’s real struggle

by The Editor
April 30 2026
0

...

Even INEC admonishes the media?

Even INEC admonishes the media?

by The Editor
April 12 2026
0

...

Enugu: Gov Mbah presents N521.5bn budget for 2024

Mbah: From contested mandate to constructive governance in Enugu

by The Editor
April 9 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.