EFCC
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The Economic and Financial Crimes Commission (EFCC) is sounding the alarm on inadequate funding, warning it could significantly hinder their anti-corruption efforts. EFCC Chairman, Ola Olukoyede, highlighted this concern during a presentation to the Senate Committee on Anti-Corruption and Financial Crimes, citing that the commission received an approved appropriation of N92.22 billion for 2025, with only 74% released as of December 31, 2025.
The limited funding has constrained the EFCC’s operations, with the Federal Government’s envelope budgeting system restricting agencies to predetermined spending ceilings. This has resulted in outstanding payments for capital projects, leaving contractors unpaid and licence providers essential to investigative work unpaid.
Olukoyede emphasized that only 50% of the commission’s capital allocation was released, impacting critical operations. The EFCC’s proposed capital expenditure for 2026 stands at N22.8 billion, representing 70% of last year’s allocation
The EFCC has made significant strides in fighting corruption, recovering over $1 billion in stolen assets since 2015 and securing over 1,000 convictions. However, inadequate funding threatens to undermine these efforts.
Olukoyede appealed for an upward review of the EFCC’s overhead costs to enhance operational efficiency and called on the Senate to strengthen its partnership with the commission.
The EFCC’s challenges are not limited to funding; the agency also faces resistance from corrupt individuals and media sensationalism. Olukoyede emphasized the need for public support and cooperation to combat corruption effectively.
Corruption in Nigeria has far-reaching consequences, siphoning off resources meant for development and exacerbating inequality and poverty. The EFCC’s efforts are crucial to addressing these issues and promoting transparency and accountability.
To overcome these challenges, the EFCC must prioritize public engagement, leveraging technology and international cooperation to enhance its anti-corruption efforts.
