The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has observed that the menace of corruption and poverty in the country to non-compliance with extant laws.
Olukoyede stated this on Thursday in Abuja during the signing of the Memorandum of Understanding (MoU) between the EFCC and the Fiscal Responsibility Commission (FRC).
The EFCC boss noted in his remarks that it was important for him that the country moved forward, regretting, however, that the major obstacle was the general aversion for compliance with rules and regulations.
The EFCC chairman said: “One of our major challenges is compliance with laws. If our institutions, our agencies and Nigerians are made to comply with our laws, even if at a rate of 70 to 80 per cent compliance with laws, Nigeria will not be where it is today because the resources are there.”
“I can tell you this by the work I do and what I see every day. I know this country is blessed. We don’t have any business with poverty, only because people don’t take laws seriously. We don’t take enforcement seriously. They don’t take compliance seriously. That’s why we are where we are.”
EFCC Boss also noted that visible collaboration between the EFCC and FRC will send a signal to the public that it’s no longer business as usual.
Olukoyede expressed satisfaction that the collaboration and the signing of the MoU will bring about a change in the working relationship between EFCC and FRC, especially in the area of the joint investigation team, which he observed could draw FRC to the forefront of the anti-corruption fight.
“We can set up a joint investigation team, and both agencies will be at the forefront of the fight, which is, for me, very key,” he said.
He said: “By signing this MOU, we will have access to your reports. If the two of us work together, we can sanitize this system to a reasonable extent. It’s not just for us to sign an MoU, it’s important for us to operationalize it.”
In his remarks, the Chairman of the Fiscal Responsibility Commission (FRC), Victor Chinemerem Muruako, expressed delight and optimism with the MoU and praised EFCC Boss and the Agency for superlative performance in the fight against corruption, economic, and financial crimes.
Muruako said, “I commend you. I also commend your team for its hard work. I’m very proud of your agency. I feel fulfilled that this MoU is being signed today. And I want to assure you, on behalf of the Fiscal Responsibility Commission, that this will be a great source of encouragement to our commission.
“It will help us know that we are really working with you one-on-one. It is not just the FRC that would be enriched; this hydra-headed element called corruption would be cut off.”
Veteran journalist and recipient of A.B.C Yola, Reporter of the Year Award (1997), Hassan Umar Shallpella, works with WAP as a Regional Correspondence. He was trained at Institute of Mass Communication and Technology Jos and Federal Radio Corporation of Nigeria, Training School Lagos.He was a News desk Editor and a Correspondent at the Punch newspaper and till 2019, was the Deputy Editor ofThe Scope newspaper.
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