In a powerful address to the Nigerian community in Canada, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, delivered a compelling message against financial crimes while encouraging legitimate investments back home.
The anti-corruption czar spoke passionately at a well-attended event with Nigerians residing in Canada, emphasizing the critical role the diaspora plays in Nigeria's economic development. His appearance came during the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held in Dubai.
A Stern Warning Against Illicit Financial Flows
Olukoyede didn't mince words when addressing the issue of illicit funds. "Stop laundering illicit funds to Nigeria," he declared, making it clear that the EFCC maintains robust partnerships with law enforcement agencies across various countries, including Canada.
The EFCC boss revealed that the commission has been actively engaging with Nigerian communities worldwide, having previously met with diasporans in the United States, United Kingdom, and several other countries. These engagements form part of the commission's broader strategy to combat economic and financial crimes at their roots.
The Diaspora's Vital Role in National Development
Beyond the warnings, Olukoyede highlighted the tremendous positive impact Nigerians abroad can have on their homeland. "You are our ambassadors, our image-makers, and critical stakeholders in the project of building the Nigeria of our dreams," he told the attentive audience.
He specifically pointed to the significant contribution of diaspora remittances, which have become a major source of foreign exchange earnings for Nigeria. In 2022 alone, remittances from Nigerians abroad reached an impressive $21.9 billion, underscoring the community's economic importance to the nation.
Building Bridges for Legitimate Investment
The EFCC chairman outlined how the commission is working to create a more favorable environment for diaspora investments. He assured the community that the EFCC is committed to securing the investment climate in Nigeria, making it safer and more attractive for those looking to contribute to national development.
Olukoyede's message carried a dual purpose:
- To warn against involvement in financial crimes that could damage both individual reputations and Nigeria's international standing
- To encourage and facilitate legitimate investments that would contribute to economic growth and development
A New Era of Anti-Corruption Efforts
The chairman's international outreach represents a significant shift in the EFCC's approach to fighting corruption. By engaging directly with diaspora communities, the commission aims to prevent financial crimes before they occur, rather than simply prosecuting them after the fact.
This proactive strategy acknowledges the global nature of modern financial crimes and the importance of international cooperation in combating them effectively.
The event in Canada served as both a warning and an invitation—a firm stance against illicit financial activities while extending a welcoming hand to those seeking to contribute positively to Nigeria's future through legitimate means.
