National assembly and forms an integral part of nigerias. Cpc act cap c25 the economic and financial crime commission efcc act cap e7. The economic and financial crimes commission efcc through investigating and prosecuting economic and. Nigeria has no specific anti counterfeiting law at least, not a broad one that covers all types. Merger control 2020 laws and regulations nigeria iclg. The menace of these crimes and the recognition of the magnitude and gravity of the situation led to the establishment of the economic and. Corrupt practices and other related offences act, corruption is defined to include. Economic and financial crimes commission commentator. In addition, the efcc act also vests the commission with one of the most. Iclg merger control laws and regulations nigeria covers common issues in merger control laws and regulations including relevant authorities and legislation, notification and its impact on the transaction timetable, remedies, appeals and enforcement and substantive assessment in 55 jurisdictions. Pdf challenges of the economic and financial crimes. The senate has called for the immortalization of nigeria s former minister of justice and attorney general of the federation, chief richard akinjide. The establishment act the act mandates the efcc to combat financial and economic crimes. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
Enacted by the national assembly of the federal republic of nigeria. The preponderance of economic and financial crimes like advance fee fraud 419, money laundering, etc has had severe negative consequences on nigeria, including decreased foreign direct investments in the country and tainting of nigeria s national image. An act to provide for the establishment of a commission for economic and financial crimes and for matters connected therewith. Osita nwajah told weekly trust that the efcc is not aware of any planned merger with the icpc and code of conduct bureau, adding that. The economic and financial crimes commission and the politics of. Efcc made some ground breaking arrests involving the former.
United nations convention against corruption uncac coalition. The paper notes that there are various agencies created by law in nigeria for crimes prevention. Economic and financial crimes commission establishment act. Efcc nigeria leading antigraft agency charged with the responsibility of investigation and enforcement of all economic and financial crimes laws in nigeria. The vice president said although the efcc act requires that an efcc chairman be confirmed by the senate, part of section 171 of the constitution, which is. Economic and financial crimes commission home facebook. The federal competition and consumer protection act 2019. Therefore, customs has the power to fight counterfeiting in nigeria. The commission is empowered to prevent, investigate, prosecute and penalise economic and financial crimes and is charged with the responsibility of enforcing the provisions of other laws and regulations relating to economic and financial crimes, including. The collaboration of investigative authorities in nigeriacurrent. Fusion of anticorruption agencies in nigeria african.
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