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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There exists nothing to do at least for now in that Nigerias' economy is a mono culture economy,which is the bedrock of all corrupt practices.
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Check out the related link on LIC's role in the Indian economy.
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AIM OF EFCC The aim of Economic and Financial Crimes Commission (EFCC) is to: Combat financial and economic crimes. OBJECTIVES OF EFCC The following are the objectives of Economic and Financial Crimes Commission (EFCC): Offers equal opportunities to all prospective employees. Prevent, investigate, prosecute, and penalize financial and economic crimes. Cordinate National anti-mony laundering. Prevent, investigate, prosecute, and penalise counterfeiting.
There exists nothing to do at least for now in that Nigerias' economy is a mono culture economy,which is the bedrock of all corrupt practices.
Nigerias house of Senate was created in the year 1983.
In 2003.
Fadiya waziri was removed as the EFCC chairman on 16 feb 2012
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In 2003.
The nature of the economy in Nigeria is mixed and also defined as an emerging market. Nigeria's economy is experiencing increasing growth with a 7 percent increase in 2013.
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