July 12, 2024

Bustan Daily

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FG weakens power of EFCC chairman, creates director general in new bill

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A new bill seeking to amend the Economic and
Financial Crimes Act has weakened the Office of the
Chairman of the EFCC and created a new position
known as the Director – General of the EFCC , Sunday
PUNCH has learnt .
which was obtained by this newspaper, is titled , ‘ An
Act to Repeal the Economic and Financial Crimes
Commission ( Establishment ) Act , 2004 (act no . 1 of
2004 ) and Enact the Economic and Financial Crimes
Commission Act Which Establishes a More Effective
and Efficient Economic and Financial Crimes
Commission to Conduct Enquiries and Investigate All
Economic and Financial Crimes and Related Offences
and for other Related Matters . ’
The bill , it was learnt , is being put together by the
Attorney General , Abubakar Malami ( SAN ) , on behalf
of the Federal Government for onward transmission to
the National Assembly.
The proposed law was initiated barely weeks after the
suspended acting Chairman of the EFCC , Mr Ibrahim
Magu , accused Malami of frustrating the anti –
corruption war of the President , Major General
Muhammadu Buhari ( retd ).
According to the proposed law , the director – general
will be appointed by the President based on the
recommendation of the AGF and subject to
confirmation by the Senate .
The director – general , and not the chairman , will be in
charge of the running of the daily affairs of the
commission .
Section 8 of the bill reads in part , “ There shall be for
the commission , a director – general who shall be
appointed by the President on the recommendation of
the Attorney General subject to the confirmation by the
Senate .
“ Subject to the provisions of subsection (3 ) of this
section , the Director – General shall be a retired or
serving member of any government institution ,
including any security or law enforcement agency not
below the rank of a director or its equivalent or a
person from the private sector .
“ A person shall not be appointed as a director – general
unless he is of proven integrity and has 15 years
cognate experience in security , forensic or financial
crimes investigation ; forensic accounting or auditing ;
or law practice or enforcement relating to economic
and financial crimes or anti- corruption. ”
The
director –
general ,
according to the proposed law, shall hold office for a
period of four years subject to reappointment by the
President for a further term of four years and no more .
The bill states that the chairman of the EFCC shall be
the head of the EFCC board .
Other members of the board shall include the director –
general , a representative of the Federal Ministry of
Justice, a representative of the Central Bank of Nigeria ,
the Director of Nigerian Financial Intelligence Unit ,
two other Nigerians with 15 years cognate experience
in legal , finance , banking or forensic auditing and the
Director of Administration who shall be the secretary of
the board.

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