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Role of efcc

The role of EFCC in Nigeria is to curb the menace of the corruption that constitutes the cog in the wheel of progress; protect national and foreign investments in the country; imbue the spirit of hard work in the citizenry and discourage ill gotten wealth; identify illegally acquired wealth and confiscate it; build an upright workforce in both public and private sectors of the economy and; contribute to the global war against financial crimes.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. While

the role of ICPC in Nigeria is to prohibit and prescribe punishment for corrupt practices and other related offences. Section 6 (a-f) of the ICPC Act 2000 sets out the duties of the Commission as paraphrased in the given link below.

The EFCC will curb the menace of corruption that constitutes a clog in the wheel of progress; protect national and foreign investments in the country; imbue the spirit of hard work in the citizenry and discourage ill gotten wealth; identify illegally acquired wealth and confiscate it; build an upright workforce in both public and private sectors of the economy and; contribute to the global war against financial crimes.

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Q: What is the role of efcc on Nigeria's economy?
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