The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, stated that no large-scale financial fraud, particularly illicit financial flows, can occur without the involvement of legal professionals. He made this assertion during the 6th Annual Criminal Law Review Conference in Abuja, where he addressed the critical role lawyers play in facilitating these crimes.
Olukoyede emphasized that “no mega financial fraud is possible without lawyers’ support.” His statement reflects the significant challenge the country faces in dealing with complex financial crimes, which often involve sophisticated legal structures that enable fraudulent activities.
The conference, which is set to last five days, is centered on the theme “Optimising the Administration of Criminal Justice in Nigeria: How to Navigate Emerging and Systemic Challenges of Insecurity and Economic Hardship.” This theme addresses both the increasing difficulty of administering justice in a climate of insecurity and the pressing economic challenges the country faces. The event aims to provide insights into how the justice system can be strengthened to better tackle emerging issues like illicit financial flows, corruption, and the systemic pressures affecting the Nigerian legal environment.
Olukoyede’s remarks highlight the need for reforms within the legal sector, urging a more comprehensive approach to combating corruption and financial crimes in Nigeria.
