The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised concerns over the contradiction in Nigerians’ stance on corruption, stating that while many decry corruption, they often rally behind politicians facing prosecution.
Speaking in Abuja during a meeting with officials from the Centre for Crisis Communication (CCC), led by Chris Olukolade, Olukoyede emphasized that corruption must be tackled as a collective enemy for Nigeria to achieve meaningful development.
“Everybody complains that corruption is destroying the system, yet when we investigate and prosecute high-profile cases, the same people take to the streets in defense of those accused,” he said.
The EFCC chairman stressed that the fight against financial crimes requires active collaboration between citizens, policymakers, and institutions. He highlighted the importance of public engagement and strategic communication, noting that awareness and support are crucial to the commission’s effectiveness.
Olukoyede also outlined his leadership strategy, shifting focus from reactionary measures to prevention. He revealed that the EFCC has introduced a new directorate, the Fraud Risk Assessment and Control (FRAC), aimed at identifying and blocking financial leakages before they occur.
“We are placing greater emphasis on prevention, which is a critical aspect of our mandate,” he stated. “Rather than waiting for money to be stolen before acting, we are proactively tracking government expenditures through platforms like GIFMIS to ensure accountability and project execution.”
While reaffirming the commission’s commitment to enforcement, Olukoyede maintained that preventing corruption is more cost-effective than dealing with financial crimes after they have been committed. He urged Nigerians to see corruption as a national threat and support anti-graft efforts rather than shielding those under investigation.
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