EFCC
Olukoyede Tasks Universities on Use of Artificial Intelligence in Ethical and Financial Management
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has called on universities across the country to urgently integrate Artificial Intelligence (AI) into their ethical and financial management systems as a transformative tool to combat corruption, enhance accountability, and restore public trust.
Olukoyede made the call in Kano on Tuesday, April 28, 2026, in a keynote address at the opening ceremony of the 8th Biennial Conference of the Committee of Pro-Chancellors of State Universities in Nigeria (COPSUN).

Describing AI as a “necessary defence,” the EFCC boss warned that the Nigerian university system cannot afford to be left behind in the global shift toward technology-driven governance.
The EFCC Chairman noted that Nigerian universities manage multi-billion-naira budgets, tuition fees, TETFund interventions, and research grants, yet accountability issues persist.
“The EFCC has investigated cases involving inflated contracts, ghost workers, and diverted students’ fees in tertiary institutions across the federation. Each case represents not only a loss of public funds but also a betrayal of the trust that Nigerian parents, students, and taxpayers have placed in the university system,” he said.
“A university that lacks financial accountability cannot credibly train future accountants and auditors, and one that tolerates fraud cannot produce the ethical professionals our economy needs. The university’s integrity is therefore a matter of national security, and AI offers transformative tools to defend it,” he added.
The anti-graft czar outlined specific areas where AI can strengthen ethical and financial management. These include fraud detection, automated auditing, payroll integrity, procurement oversight, and academic integrity.
He cited notable operations where AI proved decisive at the EFCC, such as “Operation Eagle Flush” (December 2024), during which the EFCC arrested 792 suspects, including 193 foreign nationals (114 Chinese, 40 Filipinos, two Kazakhs, one Pakistani, and one Indonesian), in a seven-storey building in Victoria Island, Lagos. The syndicate operated cryptocurrency investment fraud and romance scams targeting victims in the United States, Canada, Mexico, and Europe.
Olukoyede urged university governing councils to act decisively by adopting AI technologies in the day-to-day running of their systems.
“I recommend that you establish an AI and Digital Governance Committee within each governing council to drive responsible AI adoption. Create a Digital Integrity Strategy for finance, academics, and data protection within your institutions. Invest in digital infrastructure, broadband, cybersecurity, and cloud systems,” he said.
He also called for partnerships with the EFCC and other agencies for joint training and intelligence exchange, as well as the adoption of an AI Code of Ethics to safeguard privacy, prevent bias, and protect academic freedom.
Although Olukoyede emphasised the technological advantages AI tools can offer universities, he cautioned that technology alone is not sufficient.
“No matter how sophisticated the technology may be, its effectiveness ultimately depends on the integrity of the people who use it. AI will not work magic for the ivory towers if the integrity deficit among the workforce is not addressed,” he said.
He also warned of potential downsides, including over-reliance that could erode professional judgment, loss of institutional autonomy, and cybersecurity risks arising from weak data governance.
“The fight against corruption is a national project that depends on the integrity of every institution, especially our universities. The EFCC is ready to collaborate with you in training and intelligence sharing, in the unwavering belief that integrity will lead Nigeria to greatness and transparency. This is possible. It is achievable,” he said.
Dele Oyewale
Head, Media & Publicity
April 28, 2026
EFCC
EFCC Counsel Misquoted in ALGON Lawyer’s Fraud Allegation Judgment
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.
EFCC
FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime
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.
EFCC
EFCC Photo News
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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