Economic and Financial Crimes Commission
The
Economic and Financial Crimes Commission (
EFCC) is a
Nigerian law enforcement and anti-graft agency that investigates financial crimes and unknown transactions such as
advance fee fraud (419 fraud) and
money laundering. The EFCC was established in 2003, partially in response to pressure from the
Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in
Abuja, Nigeria. The EFCC was also set up to fight against corruption and protect the country from economic saboteurs.
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