‘EFCC saved foreign investors from losing $12bn to fraudsters’

The Economic and Financial Crimes Commission (EFCC) has prevented some foreign investors from losing over $12 billion to fraudsters in less than two years.

This was achieved through a total of three million advisory mails sent to potential foreign investors by the anti-graft agency.

Chairman of the anti-graft agency, Mrs Farida Waziri, disclosed this over the weekend while addressing a private sector track session at the United Nations Conference on the Least Developed Countries which came to a close in Istanbul, Turkey.

Speaking on “Anti-Corruption And The Challenge Of Increasing Capital Flow To Africa: Reforms, Result And The Road Ahead”, the EFCC boss enumerated the various strategic steps that had been taken by the Nigerian government through the anti-graft agency to check corruption and make the country safe for foreign investments and investors alike.

Some of the reforms that had been successfully carried out in Nigeria’s anti-graft campaign in the last three years, she said include: creating a Transactions Clearance Platform,( TCP) to interface with offshore investors and entities, sustained sensitisation and public awareness campaigns, capacity building for operatives and judicial officers, partnership with microsoft against internet scam, recovery and return of proceeds of advance fee fraud crimes, intense prosecution and conviction of corrupt public officers as well as sanitisation of the banking sector among others.
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