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NBA Commends Olukoyede on Impact in Fight Against Corruption, Seeks Closer Collaboration

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The President of the Nigerian Bar Association, NBA, Mrs. Oyinkansola Badejo-Okusanya, SAN, has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, for his leadership and efforts in strengthening the fight against economic and financial crimes.

She gave the commendation in Abuja on Wednesday, September 16, 2026, when she led a delegation of the Association on a courtesy visit to the EFCC’s Corporate Headquarters.

Badejo-Okusanya praised the Commission’s efforts in the investigation and prosecution of economic and financial crimes, as well as the recovery of proceeds of crime.

She said, “When we see things that are done and done properly, we appreciate them. We followed carefully what is being done at EFCC, especially the statistics in recoveries and convictions. We can see, feel, and hear the impact of his works.”

The NBA President also commended the EFCC and other stakeholders for Nigeria’s removal from the Financial Action Task Force, FATF’s, grey list, saying the development had improved the country’s business environment.

According to her, the development would boost confidence in the country’s financial system and facilitate business transactions.

“For us as lawyers, we are grateful for the removal of the country from the FATF grey list. This brings out increased inflows. Our clients are able to do business. Cross-border transactions are now seamless and less expensive. We are grateful to the Commission and we hope for more of such positive impact. We believe the efforts of the Commission will not regress,” she said.

Badejo-Okusanya reiterated the NBA’s commitment to deepening its partnership with the EFCC in promoting a lawful and orderly society.

She stressed the importance of a strong legal system to economic development, noting that without a lawful society, “we cannot gain in terms of economic activities, have a strong society and a better quality of life.

“We are all part of the elimination of criminal activities and towards gaining a lawful and orderly society.”

She also called for closer collaboration between the Association and the EFCC, particularly in knowledge sharing and the provision of professional expertise.

She pledged the NBA’s expertise and services to the Commission, stressing the need for both institutions to work together to strengthen the rule of law and combat economic and financial crimes.

Responding, Olukoyede said the country’s removal from the FATF grey list was achieved through the collaboration of the EFCC and other sister agencies, while appreciating the NBA for its support.

He said, “Most of the works that led to Nigeria’s removal from the list were done by EFCC and in collaboration with all our sister agencies. Nigeria is now on a better footing in the world financial ecosystem. We appreciate the support of the NBA because without your support, it would have been very difficult for us to achieve such a feat.”

The EFCC Chairman also said the Commission conducts its investigations within the confines of the law, noting that it remains accountable to the public.

He said, “One promise I made to Nigerians is to use the instrumentality of this law to stipulate the economy and pledge to work within the confines of law. We are responsible to the public.”

He reiterated his commitment to preventive frameworks in tackling corruption, stressing that the EFCC will no longer wait until funds are stolen before taking action.

“We are committed to this and this is why a whole Department, Fraud Risk Assessment and Control, FRAC, was established,” he said.

Olukoyede further pledged to work with the NBA, particularly in sanitising the legal profession and strengthening collaboration between both institutions.

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EFCC

EFCC Counsel Misquoted in ALGON Lawyer’s Fraud Allegation Judgment

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The Economic and Financial Crimes Commission (EFCC) views with grave concern the misrepresentation of the reaction of its counsel, Larry Peters Aso, to the judgment delivered by Justice Suleiman Belgore of the Federal Capital Territory (FCT) High Court in a fundamental rights enforcement suit filed by legal practitioner Dr Ted Iseghoi-Edwards.

The judge reportedly cleared Iseghoi-Edwards of alleged fraud relating to services rendered to the nation’s 774 local government councils. He also disagreed with the EFCC’s position regarding its investigation report on the London-Paris Club refunds.

Reacting to the judgment, Aso thanked the judge for his industry in attending to the matter and stated that the EFCC would apply for a Certified True Copy (CTC) of the judgment “and study it to know the necessary steps to take.”

He did not make any statement about an EFCC report from 2024 concerning allegations that Iseghoi-Edwards “fraudulently obtained the judgments, because he instituted proceedings against the Federal Government in the United States.”

Additionally, claims that Aso said the report was prepared under pressure from higher authorities “after Iseghoi-Edwards assigned his promissory notes to third parties in the United States, where they threatened to sue the Federal Government” are entirely mischievous and amount to deliberate character assassination.

This framing was intended to insinuate that extraneous influences affected the matter, which was not the case.

The record of proceedings from Tuesday, October 20, 2026, when the judgment was delivered, can be accessed to verify Aso’s reaction.

The Commission urges the media to be more objective in reporting court proceedings in the interest of justice.

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EFCC

FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime

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The Federal Bureau of Investigation (FBI) has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Commission for their efforts and vital role in Operation Artemis, a joint international effort to disrupt financially motivated sextortion networks targeting minors.

The commendation was conveyed in a letter signed by FBI Director Kash Patel, who praised the Commission for its collaboration with the Bureau in the arrest and extradition of suspects facing federal charges in the United States.

In the letter addressed to Olukoyede, Patel acknowledged the Commission’s contribution to the operation, stating that “the Economic and Financial Crimes Commission, EFCC, has played a vital role in Operation Artemis, a joint effort focused on disrupting financially motivated sextortion rings targeting juveniles.”

He said that, under Olukoyede’s leadership, the EFCC designated personnel to support the investigations and facilitate the transfer of suspects from Nigeria to face prosecution in the United States.

Specifically, the FBI Director commended the EFCC for apprehending Adebola Festus Adekunle and Mudashiru Afeez Olawale, who were indicted in the United States in 2023 over allegations relating to the sexual exploitation and extortion of minors.

The two suspects were extradited to the United States in August 2026, with the EFCC facilitating the process following investigations and extradition proceedings. They are facing federal charges relating to sexual exploitation in cases involving the deaths of minors.

Patel noted that the successful outcome of the cases would not have been possible without the EFCC’s assistance and commitment to international law enforcement cooperation.

“The successful outcome of these cases would not have been possible without your assistance and dedication to international law enforcement collaboration,” he said.

The FBI Director further expressed appreciation to Olukoyede and the Commission for their commitment to justice and continued cooperation, while expressing optimism about strengthening the partnership between both agencies.

“Please accept my sincere appreciation for your commitment to justice and steadfast cooperation. I look forward to the continued partnership with the EFCC,” he stated in the letter.

The extradition of Adekunle and Olawale followed FBI investigations into separate sextortion schemes targeting male minors in the United States. The investigations linked the alleged activities to two teenage victims who died by suicide after being subjected to online sexual exploitation and extortion.

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EFCC

EFCC Photo News

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The Japanese Ambassador-Designate to Nigeria, His Excellency, Hideo Suzuki Paid a Courtesy Visit to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede in his office today, October 28, 2026. He was accompanied on the visit by First Secretary, Security, Yuji Murakami and Senior Information Analyst, Dogara Ankut.

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