Abstract:
Several years of military misrule and mismanagement had weakened the
economic management processes and institution in Nigeria. There was no
transparency and accountability in government (Public Sector) and private
sector and Nigerians becomes notorious for endemic corruption. The result
was the inability of government to deliver services to the Nigerian public.
Most private companies both in the oil and non-oil sector have constantly
evade taxes and have collided with official to evade custom duties and
payment of taxes .In addition, widespread preparation of economic and
financial crime like advance fee fraud (419), money laundry, cyber crime,
banking fraud and endemic corruption have had severe negative
consequences on Nigeria, including decrease direct foreign investment in
the country. Consequently, the economic and financial crimes commission
(EFCC) was establish as one of the mechanism for prevention, investigation
and prosecution of corrupt practices and economic and financial crime in the
public and the private sector.
Finally, this research work is aim at looking the various activities of the
Economies and financial crime commission (EFCC) and how they can
improve financial crime accountability and transparency.
