HOR Vows To Prosecute Perpetrators Of Financial Crimes

By Oduyemi Odumade

The House of Representatives Committee on Financial Crimes has made a firm commitment to bring to justice those involved in financial crimes and criminal activities in the country.

At its Inaugural meeting in Abuja, the committee chaired by Mr. Ginger Obinna, the Commitee pledged to implement strategies and policies to safeguard the nation’s financial system and uphold the rule of law.

Mr. Obinna expressed confidence in the committee members’ abilities to address the inherent challenges posed by financial crimes in the country.

He acknowledged the various issues plaguing the nation, including financial crimes, illicit financial flows, money laundering, terrorism financing, advance fee fraud (419), and cybercrimes, and stressed the importance of collective efforts to combat corruption.

He commended the committee members for their dedication, tireless efforts, and resilience in pursuing justice.

He also acknowledged their valuable contributions in shaping the strategies and policies necessary to protect the financial system and uphold the rule of law.

The committee plans to cover several jurisdictions in its activities, including oversight of the Economic and Financial Crimes Commission (EFCC).

“It will monitor agencies involved in detecting financial crimes, money laundering, and advance fee fraud.

“Additionally, the committee will oversee all organizations, agencies, and institutions established by law to combat financial crimes, as well as review annual budget estimates.

The committee chairman pledged to adopt an open-door policy and ensure inclusivity during his tenure and emphasized the importance of collaboration and renewed energy in fulfilling the committee’s mission.

Edited By Grace Namiji