EVALUATION OF THE PERFORMANCES OF ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC) IN THE NIGERIAN ECONOMY.

GET THE COMPLETE PROJECT

ABSTRACT

          This research work emphasized on the issue of An Evaluation of the performances of Economic and Financial Crimes Commission (EFCC) in the Nigerian economy. The unprecedented spate of Economic and Financial Crimes reached to the level when it became a source f worry to the government, the regulatory authorities, the bankers themselves and the general public. However, government did not maintain a sanctimonious aloofness to watch this ugly development. But the question is how far has the commission performed in realizing the objective of its establishment in the Nigerian economy in restoring sanity within the Nigeria economy. The objective of the study also include to evaluate the performances of economic and financial crimes commission in the Nigerian economy. The data collection for the study are through primary and secondary sources were analyzed using table and percentages from the analysis done, the following findings were made, that the activities of the Economic and Financial Crime Commission (EFCC) in the last nine (9) years has not significantly reduced the Economic and Financial Crimes in Nigeria. Also, from the findings, Economic and Financial Crime Commission (EFCC) have been selective in their investigation and arrests.  The researcher made several recommendations prominent among them includes:

1.                 That (EFCC) Economic and Financial Crimes Commission should operate independently to enable them achieve better results.

2.                 They should not be selective in their investigations and arrests.

3.                 Also the government should march action with principle when it comes to corruption, let there by no sacred cow.

TABLE OF CONTENTS

Title page    -        -        -        -        -        -        -        -        -        i

Approval page     -        -        -        -        -        -        -        -        ii

Dedication  -        -        -        -        -        -        -        -        -        iii

Acknowledgement -       -        -        -        -        -        -        -        iv

Abstract      -        -        -        -        -        -        -        -        -        v

Table of contents -        -        -        -        -        -        -        -        vi

List of tables        -        -        -        -        -        -        -        -        vii

CHAPTER ONE

1.0     Introduction         -        -        -        -        -        -        -        1

1.1     Background of the study         -        -        -        -        -        -        1

1.2     Statement of the Problems      -        -        -        -        -        4

1.3     Objectives of the study  -        -        -        -        -        -        5

1.4     Research Questions       -        -        -        -        -        -        6

1.5     Research Questions       -        -        -        -        -        -        7

1.6     Significance of the study         -        -        -        -        -        -        9

1.7     Scope and Limitations of the study  -        -        -        -        11

1.8     Definition of terms         -        -        -        -        -        -        -        12

          References  -        -        -        -        -        -        -        -        15

CHAPTER TWO

2.0     Review of Related Literature   -        -        -        -        -        16

2.1     The State of the Economy before the Establishment of

          Economic and Financial Crimes Commission (EFCC)  -        16

2.2     The general structure of the Economic and

          Financial Crimes Commission (EFCC)       -        -        -        22

2.3     The functions of Economic and Crimes Commission (EFCC) -        23

2.4     The mode of Operation of Economic and

          Financial Crimes Commission (EFCC)       -        -        -        25

2.5     The Objectives of Economic and Financial Crimes

          Commission (EFCC)     -        -        -        -        -        -        28

2.6     What Constitute Economic and Financial Crimes

          (EFC) in Nigeria   -        -        -        --       -        -        -        29

2.7     The Sectional Analysis of Economic and Financial

          Crimes (EFCC) in Nigeria       -        -        -        -        -        30

2.7.1  The Manufacturing Firm         -        -        -        -        -        -        31

2.7.2  The Financial Institution         -        -        -        -        -        -        33

2.8     The Advance Fee Fraud-        -        -        -        -        -        35

2.9     The Economic and Financial Crimes Commission’s

          Anti-Terrorism Mandate         -        -        -        -        -        -        39

2.9.1  The Nigerian Financial Intelligence Unit (NFIU)  -        -        40

2.9.2  The Functions of Nigerian Financial Intelligence Unit (NFIU) -        41

2.10   The Funding of Economic and Financial of

          Economic and Financial Crimes Commission in Nigeria         -        42

2.11   The Achievements of Economic and Financial Crimes

          Commission in Nigeria within its years of Operation    -        44

          References  -        -        -        -        -        -        -        -        48

CHAPTER THREE

3.0     Research Design and Methodology   -        -        -        -        51

3.1     Research Design   -        -        -        -        -        -        -        51

3.2     Description of Respondents    -        -        -        -        -        52

3.3     Sources of Data    -        -        -        -        -        -        -        52

3.3.1  Primary Data       -        -        -        -        -        -        -        52

3.3.2  Secondary Data    -        -        -        -        -        -        -        53

3.4     Population and Determination of Sample size     -        -        53

3.5     Methods of Investigation         -        -        -        -        -        -        55

          References  -        -        -        -        -        -        -        -        57

CHAPTER FOUR

4.0     Presentation, Analysis and Interpretation of Data         -        -        58

4.1     Analysis of Data -        -        -        -