FG Weakens Power Of EFCC Chairman Creates Director General In New bill - AMEBO ONLINE NEWSPAPER

AMEBO ONLINE NEWSPAPER

"Feeding the world with authentic news from the source....."

FG Weakens Power Of EFCC Chairman Creates Director General In New bill

Share This

 


A new bill seeking to amend the Economic and Financial Crimes Act has weakened the Office of the Chairman of the EFCC and created a new position known as the Director-General of the EFCC.

EFCC records 48 convictions, N8.5bn recoveries — Nigeria — The Guardian  Nigeria News – Nigeria and World News

The bill, which was obtained by this newspaper, is titled, ‘An Act to Repeal the Economic and Financial Crimes Commission (Establishment) Act, 2004 (act no. 1 of 2004) and Enact the Economic and Financial Crimes Commission Act Which Establishes a More Effective and Efficient Economic and Financial Crimes Commission to Conduct Enquiries and Investigate All Economic and Financial Crimes and Related Offences and for other Related Matters.’

The bill, it was learnt, is being put together by the Attorney General, Abubakar Malami (SAN), on behalf of the Federal Government for onward transmission to the National Assembly.

The proposed law was initiated barely weeks after the suspended acting Chairman of the EFCC, Mr Ibrahim Magu, accused Malami of frustrating the anti-corruption war of the President, Major General Muhammadu Buhari (retd).

According to the proposed law, the director-general will be appointed by the President based on the recommendation of the AGF and subject to confirmation by the Senate.

The director-general, and not the chairman, will be in charge of the running of the daily affairs of the commission.

Section 8 of the bill reads in part, “There shall be for the commission, a director-general who shall be appointed by the President on the recommendation of the Attorney General subject to the confirmation by the Senate.

“Subject to the provisions of subsection (3) of this section, the Director-General shall be a retired or serving member of any government institution, including any security or law enforcement agency not below the rank of a director or its equivalent or a person from the private sector.

“A person shall not be appointed as a director-general unless he is of proven integrity and has 15 years cognate experience in security, forensic or financial crimes investigation; forensic accounting or auditing; or law practice or enforcement relating to economic and financial crimes or anti-corruption.”

The director-general, according to the proposed law, shall hold office for a period of four years subject to reappointment by the President for a further term of four years and no more.

The bill states that the chairman of the EFCC shall be the head of the EFCC board.

Other members of the board shall include the director-general, a representative of the Federal Ministry of Justice, a representative of the Central Bank of Nigeria, the Director of Nigerian Financial Intelligence Unit, two other Nigerians with 15 years cognate experience in legal, finance, banking or forensic auditing and the Director of Administration who shall be the secretary of the board.

The proposed law states that the chairman and members of the management board shall be appointed by the President, on the recommendation of the Attorney General subject to confirmation by the Senate; and for a period of four years in the first instance, renewable for another period of four years and no more.

The EFCC board headed by the chairman will be in charge of establishing policy guidelines for the commission; review and approve the strategic plans of the commission; oversee the due performance of the functions of the commission in accordance with the provisions of this Act; and do such other things which in its opinion are necessary to ensure the efficient and effective performance of the functions of the Commission under this Act.

No comments:

Post a comment

Pages