Entity: EFCC
The EFCC is an acronym that stands for the Economic and Financial Crimes Commission, a Nigerian law enforcement agency that investigates financial crimes and corruption.
EFCC
Etymology
The acronym EFCC stands for the Economic and Financial Crimes Commission.
Definition
The EFCC is a Nigerian law enforcement agency tasked with investigating economic and financial crimes, including corruption, money laundering, and fraud.
Historical Context
Established in 2003, the EFCC was created to combat the pervasive issue of financial crimes in Nigeria. It operates under the Economic and Financial Crimes Commission (Establishment) Act, 2004.
Cultural Significance
The EFCC plays a crucial role in Nigeria's efforts to combat corruption and improve transparency in financial transactions. It has been involved in high-profile investigations and prosecutions of individuals involved in financial crimes.
Related Concepts
- ICPC (Independent Corrupt Practices and Other Related Offences Commission)
- Money Laundering
- Corruption
See Also
A Nigerian law enforcement agency responsible for investigating economic and financial crimes.