By Onyeanya Ebere Immaculata
The House of Representatives has commended the Economic and Financial Crimes Commission (EFCC), and the Nigerian Financial Intelligence Unit (NFIU), for their role in strengthening Nigeria’s financial system and improving the country’s global reputation.
The Chairman of the House Committee on Financial Crimes, Mr. Ginger Onwusibe, gave the commendation on Monday during the 2025 budget performance review and 2026 budget defence of both agencies at the National Assembly Complex, Abuja.
Onwusibe linked the praise to Nigeria’s recent removal from the Financial Action Task Force (FATF) grey list, noting that it has restored international confidence and strengthened the country’s anti-money laundering and counter-terrorism financing framework.
He said the collaboration between the EFCC and NFIU has improved investigations, prosecutions, and asset recovery efforts.
“Permit me to commend the EFCC and NFIU for their tireless efforts, particularly Nigeria’s recent delisting from the FATF grey list,” Onwusibe said.
He disclosed that as of October 2025, the EFCC had recovered over ₦566 billion, $411 million and 1,502 properties, while securing 3,175 convictions nationwide.
He added that the NFIU provided critical financial intelligence supporting many of the investigations.
Onwusibe, however, urged both agencies to maintain professionalism, transparency and accountability, stressing the need for visible results amid rising public expectations.
He also revealed that the House has considered four bills aimed at strengthening Nigeria’s anti-financial crime framework, including amendments to the Money Laundering Act 2022, EFCC Act 2004 and the Proceeds of Crime Act.
Onwusibe assured that the 2026 budget proposals of the EFCC and NFIU would be thoroughly scrutinised to ensure effective use of public funds and alignment with national priorities.
