Nigerian lawmakers praised the EFCC and NFIU for their roles in restoring the country's financial credibility amid efforts to combat financial crimes.
In a recent session, members of the Nigerian House of Representatives acknowledged the critical roles played by the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) in bolstering the nation’s financial integrity. These commendations come in light of the ongoing efforts by these agencies to recover stolen public assets and Nigeria's recent removal from the Financial Action Task Force's grey list, which signifies a notable improvement in the country’s financial reputation internationally.
The Chairman of the House Committee on Financial Crimes, Mr. Ginger Onwusibe, highlighted the improved collaboration between the EFCC and NFIU, suggesting that their synergy is vital in strengthening Nigeria’s framework against money laundering and terrorism financing. The successful confiscation of stolen assets and the enhanced international perception of Nigeria's financial system are significant steps towards economic recovery, instilling confidence among stakeholders.
This recognition at the National Assembly coincides with the review of the 2025 budget and the defense for the 2026 budget of these agencies. The lawmakers’ assessment indicates a plan to continue supporting these institutions, which are seen as fundamental to maintaining and advancing Nigeria's economic interests in a challenging global financial landscape.
