EFCC Chairman Olukoyede Urges Commonwealth Nations to Adopt Nigeria’s Anti-Corruption Strategies

EFCC Chairman Olukoyede Urges Commonwealth Nations to Adopt Nigeria’s Anti-Corruption Strategies

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has called on Commonwealth nations to adopt Nigeria's proactive anti-corruption strategies and reforms in the fight against financial crimes.

Speaking at the opening session of the five-day Commonwealth Law Conference in Malta on April 7, 2025, Olukoyede emphasized Nigeria's progress in addressing illicit financial activities.

 The conference, organized by the Commonwealth Lawyers Association (CLA), focused on "Combating Transnational Organised Crime in the Commonwealth: Opportunities and Challenges."

In his presentation, "Combating Financing of Terrorism and Proliferation Financing: Has FATF Enhanced Monitoring Made any Difference in Non-Compliant Countries?", Olukoyede discussed the challenges posed by the Financial Action Task Force's (FATF) enhanced monitoring but highlighted its potential for meaningful reform. He emphasized that Nigeria’s experience shows the importance of building a resilient financial system to intercept funds intended for terrorism and proliferation.