Home LOCAL Senate passes bill to strip EFCC of power to investigate financial crimes

Senate passes bill to strip EFCC of power to investigate financial crimes

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The senate has passed the Nigeria intelligence financial agency (NFIA) bill which seeks to strip the Economic Financial Crimes Commission (EFCC) of power to investigate financial crimes.

The bill was passed after it was read for the third time by the lawmakers but without the usual public hearing organized to consider opinions of concerned parties on the matter.

The Senate had referred the bill to the committee on anti-corruption on Tuesday for review and the committee submitted its report yesterday only for the bill to be unanimously passed today.

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The Senate says the bill was given accelerated consideration to help Nigeria avoid expulsion from the Egmont group of Financial Intelligence unit.

The group recently suspended Nigeria over the absence of a legal framework that guarantees the independence of the country’s unity.

The Senate had earlier sought for the establishment of the Nigerian Financial Intelligence Agency (NIFA) as the central body in Nigeria.

 

*With details from Channels

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