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    *Senate moves to throw Commission’s chair open

    image image

    Few weeks after Ayo Salami-led panel of inquiry submitted a
    comprehensive report to President Muhammadu Buhari on alleged
    diversion of assets by a suspended acting chairman of the Economic
    and Financial Crimes Commission (EFCC), Ibrahim Magu, the Senate
    has initiated moves to reform the anti-graft body.

    image

    According to a bill sponsored by a senator from Cross River
    State, Professor Sandy Onor, the chairmanship of the EFCC would no
    longer be restricted to serving or retired senior police officers
    or security agents.

    The Bill also seeks to amend the EFCC Act to include other
    criteria for the selection of a Chairman for the Commission.

    The Bill, which is titled Economic and Financial Crimes
    Commission (Amendment) Bill, 2020, has already passed first reading
    on the floor of the upper legislative chamber. It specifically
    targets Section 2(1a)(ii) of the EFCC Act, 2004.

    The current Section reads: “The Commission shall consist of a
    Chairman who shall be a serving or retired member of any government
    security or law enforcement agency, not below the rank of Assistant
    Commissioner of Police or equivalent.”

    In the proposed amendment, the Senate said professionals from
    other disciplines outside the security circle can now head the
    country’s leading anti-graft body.

    It said a lawyer, criminologist or Nigerians from any security
    agencies can now head the body, so long as the person has about 15
    years of cognitive experience.

    The proposed amendment reads: “The Commission shall consist of a
    Chairman, who either be a lawyer, criminologist or serving or
    retired member of any government security or law enforcement agency
    not below the rank of Assistant Commissioner of Police or
    equivalent.”

    This is the first time the Senate will be attempting to effect a
    major shift in the running of the EFCC, since the Commission was
    created in 2003-2004, through an Act of the National Assembly.

    It is not also clear if the current moves to amend the Act is
    related to claims that president Buhari was already planning to
    initiate major reforms in the ongoing anti-graft
    administration.

    Already, President Buhari has commenced a gradual unbundling of
    the Commission, by sending a Bill on Proceeds of Crime (Recovery
    and Management) Agency to the Senate for passage into law.

    Buhari had noted that the proposed bill, tagged: “Proceeds of
    Crime Bill”, will address the problem of lack of transparency and
    accountability associated with the management of recovered funds by
    anti-corruption agencies in the country.

    According to the letter dated October 6, 2020, the agency will
    be critical in sustaining the fight against corruption, money
    laundering and illicit movement of stolen funds through the banking
    system and across Nigerian borders.

    The bill is expected to strip the EFCC and six other agencies of
    powers to seize assets or invoke the forfeiture clause. If signed
    into law, the bill will stop the EFCC and six other anti-corruption
    agencies from securing freezing orders on suspicious bank accounts
    under investigation.

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